CBN

CBN Reschedules February 2025 MPC Meeting

February 11, (THEWILL) – The Central Bank of Nigeria (CBN) has rescheduled the 299th meeting of its Monetary Policy Committee (MPC) to February 18 and 19, 2025. THEWILL reports that the apex bank had planned the meeting for February 17...

CBN Extends FX Sale Period To BDCs Until May 30

February 04, (THEWILL) – The Central Bank of Nigeria has announced the extension of the sale period of foreign exchange to Bureau de Change operators until May 30, 2025. The development was disclosed in a circular issued on Monday, signed...

CBN Waives 2025 Licence Renewal Fee For BDCs

January 28, (THEWILL) – The Central Bank of Nigeria (CBN) has approved the waiver of 2025 licence renewal fee for bureau de change (BDC) operators in the country. A statement by CBN director of financial policy and regulation department,...

CBN Launches FX Code For Transparent Market Dealings

January 28, (THEWILL) – The Central Bank of Nigeria (CBN) has formally launched the Nigerian Foreign Exchange (FX) Code, a guide to a transparent foreign exchange policy market. CBN Governor, Olayemi Cardoso, joined by Managing Directors of Deposit Money Banks...

CBN To Hold 299th MPC Meeting February 17

January 28, (THEWILL) – The Central Bank of Nigeria (CBN) says it will hold its 299th Monetary Policy Committee (MPC) meeting on Monday, February 17 and Tuesday, February 18, 2025. The apex bank disclosed this in a statement titled: "Notice...

CBN Moves To Strengthen Foreign Exchange Market, Releases FX Code

January 22, (THEWILL) – The Central Bank of Nigeria has approved the release of the Nigerian Foreign Exchange Code. A statement by the apex bank, said the code which will formally be launched next week, will serve as a guideline...

Ex-Presidential Aspirant Omosebi Sues CBN For £990trn Over Rights Violation

January 21, (THEWILL) – A former presidential aspirant under the All Progressives Congress in the 2023 elections, Tunde Omosebi, has filed a fundamental rights enforcement suit against the Central Bank of Nigeria and six other defendants, demanding £990...

CBN Swaps Bello, Usoro’s Roles, Unveils Naira Payment Solution For MDAs

January 16, (THEWILL) – The Central Bank of Nigeria has made changes in the designations of the roles of two deputy governors within its directorate. THEWILL reports that Dr. Bala Bello, Deputy Governor Corporate Services has been re-assigned as...

ATM Cash Scarcity: CBN Wields The Stick, Fines Fidelity, Providus, 7 Other Banks N150m Each

January 14, (THEWILL) – The Central Bank of Nigeria has imposed a N150 million fine on nine Deposit Money Banks for failing to dispense cash through Automated Teller Machines during the yuletide season. The affected banks include Fidelity Bank...

CBN Unveils New Financial Accounts For Nigerians In Diaspora

January 11, (THEWILL) – The Central Bank of Nigeria has introduced two new financial instruments: the Non-Resident Nigerian Ordinary Account and the Non-Resident Nigerian Investment Account. Announced in a circular signed on Friday by W.J. Kanya, Acting Director of the...
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UEFA Refuses To End FIFA World Cup Boycott Despite Infantino’s U-Turn

UEFA has confirmed it will continue its boycott of FIFA's men's and women's World Cups despite Gianni Infantino...
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