September 09, (THEWILL) — The Central Bank of Nigeria has unveiled plans to grow the nation’s diaspora reserves to $1bn by 2026.
CBN Governor, Olayemi Cardoso, disclosed this on Tuesday at the 18th Annual Banking and Finance Conference organised by...
August 21, (THEWILL) — Nigeria’s external reserves rose to $41 billion on Tuesday, August 19, up from the N40.11 billion mark in July 2025, the Central Bank of Nigeria stated in its external reserves data published on its official...
August 15, (THEWILL) — The Central Bank of Nigeria (CBN) has reaffirmed its commitment to ensuring the availability of clean, naira-denominated currency to Nigerians.
The Acting Director of the Corporate Communications Department at the apex bank, Mrs Hakama Sidi Ali,...
July 22, (THEWILL) — The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate at 27.50 percent, marking its third consecutive hold in 2025.
This decision was announced by the CBN Governor, Olayemi...
July 21, (THEWILL) — After years of anticipation, the Central Bank of Nigeria (CBN) has finally approved the rollout of open banking, with full implementation expected in August 2025. While it may sound like just another regulatory move in...
July 14, (THEWILL) — The Nigeria Exchange Limited (NGX) was literally thrown into frenzy on Monday, June 16, 2025, when nervous investors embarked on massive dumping of shares of banks. It was a spontaneous reaction to the sweeping directive of the Central Bank of Nigeria (CBN), dated Friday, June 13,...
July 13, (THEWILL) — The Central Bank of Nigeria (CBN) says it will hold its 301st Monetary Policy Committee (MPC) meeting on Monday, July 21, and Tuesday, July 22, 2025.
The apex bank disclosed this in a statement titled "Notice...
July 08, (THEWILL) — The Central Bank of Nigeria has directed all banks to submit a detailed Capital Restoration Plan within 10 working days after the end of each quarter, starting with the quarter ending June 30, 2025.
The directive...
July 07, (THEWILL) — The Central Bank of Nigeria (CBN) has clarified misconceptions surrounding the charges associated with the recently launched Non-Resident Bank Verification Number (NRBVN) platform, affirming that no hidden fees have been introduced and that BVN enrolment...
June 18, (THEWILL) – The Central Bank of Nigeria (CBN) has introduced time-bound measures for a small number of banks still completing their transition from the temporary regulatory support provided, mostly in response to the economic impact of...
