CBN

August 18, (THEWILL) – In yet its desperation to raise revenue inflow, the Bola Ahmed Tinubu administration has through the approval of the National Assembly, doubled its capacity to draw loans from the Central Bank of Nigeria (CBN) in...

August 13, (THEWILL) – The Central Bank of Nigeria (CBN) has reintroduced the publication of several key economic reports. In a statement on Tuesday, the apex bank reaffirmed its commitment to fostering transparency and accountability in the Nigerian economy. The statement signed...

August 08, (THEWILL) – The Central Bank of Nigeria (CBN) has reaffirmed its commitment to ensuring the proper functioning of the foreign exchange (FX) market by enhancing liquidity when necessary. In a significant move, the apex bank offered $876...

August 06, (THEWILL) – The Central Bank of Nigeria (CBN) has granted approval for a pivotal financial accommodation to support the proposed merger between Unity Bank Plc and Providus Bank Limited. A statement by the CBN Acting Director, Corporate Communications,...

August 03, (THEWILL) – The Central Bank of Nigeria (CBN) has announced plans to hold a Retail Dutch Auction System (RDAS), on August 7, 2024, to sell foreign exchange to end-users through authorised dealer banks. In a circular, the...

July 28, (THEWILL) - The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Central Bank of Nigeria (CBN) “over the failure to account for and explain the whereabouts of the over N100 billion ‘dirty and...

July 20, (THEWILL) - The Central Bank of Nigeria has directed deposit money banks (DMBs) and other financial institutions in the country, to transfer funds in dormant accounts and unclaimed balances into an account controlled by the apex bank. A...

July 20, (THEWILL) - The Central Bank of Nigeria (CBN) has commenced a regular sale of foreign exchange through Authorised Dealer Banks and licenced Bureaux De Change (BDCS), to improve supply in the foreign exchange market. This, it said, is...

June 22, (THEWILL) - The Central Bank of Nigeria (CBN), says its monetary policy tightening measures are having the intended effect as Nigeria’s headline month-on-month inflation rate slowed for the third time in a row in May 2024. According...

June 10, (THEWILL)- The Central Bank of Nigeria (CBN) has refuted reports of ongoing plans to revoke operational licences of Fidelity, Polaris, Wema and Unity Banks. The apex bank, in a statement through its Acting Director of Corporate Communications Department,...