October 05, (THEWILL) – The Central Bank of Nigeria (CBN) has sold a total of $543.5 million to authorised dealer banks between September 6 and 30, 2024, to reduce market volatility driven by high demand for commodity importation and...
October 04, (THEWILL) – The Central Bank of Nigeria (CBN) has announced the introduction of an Electronic Foreign Exchange Matching System (EFEMS) for all foreign exchange (FX) transactions within the Nigerian Foreign Exchange Market (NFEM).
Set for implementation on December...
September 29, (THEWILL) – The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has concluded his participation in the high-level Bretton Woods at 80 Forum, where he represented Africa’s interests on the global financial stage.
The forum, organised...
September 29, (THEWILL) – The Central Bank of Nigeria (CBN) has extended the suspension of cash deposit processing fees from September 30, 2024 to March 31, 2025.
The CBN disclosed this in a letter to banks and other financial institutions...
September 26, (THEWILL) – The Central Bank of Nigeria (CBN) has approved the sale of $20,000 to each eligible Bureau De Change (BDC) at the rate of N1,590 per dollar.
The apex bank, in a circular signed on...
September 24, (THEWILL) – The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has further raised the benchmark interest rate by 50 basis points from 26.75 percent to 27.25%.
CBN Governor, Olayemi Cardoso, who disclosed this...
September 20, (THEWILL) – The Central Bank of Nigeria (CBN) has temporarily withdrawn its biennial publication on Monetary, Credit, Foreign Trade, and Exchange Policy Guidelines for Fiscal Years 2024-2025, published on September 17, 2024.
The apex bank clarified that the...
September 18, (THEWILL) – The Central Bank of Nigeria (CBN) has announced plans to re-introduce and enforce the payment of the Cybersecurity Levy on electronic transactions by Nigerians.
This plan, announced in its Monetary, Credit, Foreign Trade, and Exchange Policy...
September 18, (THEWILL) – The Central Bank of Nigeria (CBN) has constituted a new board for Keystone Bank Limited as part of efforts to strengthen the lender’s operations for sustained business growth.
The apex bank had in January dissolved the...
September 18, (THEWILL) – The Central Bank of Nigeria (CBN) says it will hold its 297th Monetary Policy Committee (MPC) meeting on Monday, September 23 and Tuesday, September 24, 2024.
The apex bank disclosed this in a statement titled, "Notice...
