June 11, (THEWILL) – The Central Bank of Nigeria (CBN) has urged Nigerians to disregard misleading reports that it has extended the deadline for the recapitalisation of Bureau De Change (BDC) operators to December 31, 2025.
A statement signed by...
June 03, (THEWILL) – The Association of Bureau De Change Operators of Nigeria (ABCON) has reaffirmed that the June 3, 2025, deadline set by the Central Bank of Nigeria (CBN) for Bureau De Change (BDC) operators to meet new...
May 27, (THEWILL) – The Central Bank of Nigeria (CBN) has introduced three non-interest financial instruments as part of its ongoing efforts to develop the non-interest financial markets and strengthen participation.
A statement signed by CBN Acting Director, Financial Markets...
May 20, (THEWILL) – The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained the benchmark interest rate at 27.50%.
The benchmark interest rate, also called the monetary policy rate (MPR), determines the cost of borrowing...
May 20, (THEWILL) – The Central Bank of Nigeria has assured the public that the country's banking sector remains safe, sound, and resilient despite recent reports circulating on social media.
In a statement on Monday, the Acting Director of...
May 18, (THEWILL) – Over the years, Nigerians abroad have experienced challenges in accessing the banking services at home to meet their various requirements.
Aside from the lack of trust that permeates the environment, there is also the palpable challenge...
May 14, (THEWILL) – In a move to deepen financial inclusion and boost diaspora remittances, the Central Bank of Nigeria (CBN) on Tuesday unveiled a digital platform that enables Nigerians abroad to obtain a Bank Verification Number (BVN)...
May 14, (THEWILL) – The Central Bank of Nigeria (CBN) has announced that its 300th Monetary Policy Committee (MPC) meeting will hold on Monday, May 19, and Tuesday, May 20, 2025.
This was disclosed in a statement titled “Notice...
May 12, (THEWILL) – The Central Bank of Nigeria (CBN) has disclaimed any association with individuals, groups, or organisations claiming to act on its behalf to offer contracts, financial grants, or intervention funds to members of the public.
CBN’s Acting...
May 04, (THEWILL) – The Central Bank of Nigeria (CBN) has released its 2024 financial statements.
The results reflect the Bank’s commitment to economic stability, sound policy implementation, and strategic financial management, highlighting improvements in external reserves, asset quality, cost...
