September 17, (THEWILL) – The Central Bank of Nigeria (CBN) has said it will sustain its ways and means advances to the federal government at a 5% limit for the 2024/2025 fiscal year.
Ways and Means Advances allow the CBN...
September 12, (THEWILL) – The Central Bank of Nigeria (CBN) has directed all Payment Service Providers (PSPs) to route all transactions from Point of Sale (PoS) terminals at merchant and agent locations (physical or electronic) through an approved CBN...
September 11, (THEWILL) – The Central Bank of Nigeria has approved the appointment of Babajide Arowosafe as the new Managing Director and Chief Executive Officer (CEO) of the Nigeria Incentive-Based Risk Sharing System for Agriculture Lending (NIRSAL Plc).
Arowosafe is...
September 07, (THEWILL) – The Central Bank of Nigeria (CBN) has unveiled a new structure.
Tagged Project RISE – Re-aligning Internal Structure for Excellence, key targets in the bank's re-organisation are the creation of specialised departments to address emerging...
August 31, (THEWILL) – The Central Bank of Nigeria (CBN) has fired all the Executive management of the Nigeria Incentive-Based Risk Sharing System for Agriculture Lending (NIRSAL).
According to a reliable source, who confirmed the development to THEWILL, one...
August 27, (THEWILL) – The Central Bank of Nigeria (CBN) has unveiled plans to borrow money from the public on behalf of the Federal Government through the sale of Treasury Bills (TBs) worth N2.2 trillion in the fourth quarter...
August 26, (THEWILL) – The Central Bank of Nigeria (CBN) has lifted the suspension of the Standing Lending Facility (SLF) for banks in the country and adjusted the lending rate to 31.75 percent interest rate.
In a circular signed by...
August 23, (THEWILL) – A Central Bank of Nigeria (CBN) survey showed that businesses in the country say they expect the Naira to continue to depreciate in the next three months beginning from July, but will begin appreciation after...
August 20, (THEWILL) – The Central Bank of Nigeria (CBN) has reported a significant increase in remittance inflows, reaching $553 million in July 2024, a 130 per cent increase from the corresponding period in 2023.
This figure represents the highest...
August 19, (THEWILL) – Former presidential candidate and economist, Prof Kingsley Moghalu, has faulted direct funding of Small and Medium Enterprises (SMEs) and Micro, Small and Medium Enterprises (MSMEs) by the Central Bank of Nigeria (CBN). In a statement...
