March 26, (THEWILL) - The Central Bank of Nigeria's Monetary Policy Committee, after its 2-day meeting in Abuja, on Tuesday, voted to raise interest rate to 24.75% from 22.75%, in another aggressive move to tame hyper-inflation.
THEWILL reports that...
March 20, (THEWILL) - The Central Bank of Nigeria (CBN), says it has settled all valid foreign exchange backlogs of US$7 billion its Governor, Olayemi Cardoso inherited.
CBN Acting Director, Corporate Communications, Mrs Hakama Sidi Ali, who disclosed this in...
March 18, (THEWILL) - The Central Bank of Nigeria (CBN) has concluded plans to disengage the services of 19 directors towards “reorganisational and human capital restructuring” efforts.
According to reports, seven of the directors had already been served disengagement letters...
March 13, (THEWILL) - The Central Bank of Nigeria (CBN} has frowned against the use of outdated circulars and guidelines by Deposit Money Banks, DMBs, Licensed Non-interest banks and other authorized dealers at its discount.
The CBN has, therefore,...
March 13, (THEWILL) - President Bola Tinubu has urged the Senate to confirm the appointment of Dr Ruby Onwudiwe as a member of the Board of Directors of the Central Bank of Nigeria (CBN).
Dr. Onwudiwe's appointment is a...
March 08, (THEWILL)- The Central Bank of Nigeria (CBN) reportmed a significant increase in foreign exchange inflow into the economy in February 2024, with marked increments in remittance payments by Nigerians overseas and purchases of naira assets by foreign...
March 07, (THEWILL)- The Central Bank of Nigeria (CBN) has mandated Microfinance banks, Primary Mortgage Banks (PMBs) and Development Financial Institutions (DFIs) to ensure they submit their financial returns monthly through the FinA application or risk sanctions.
The CBN disclosed...
March 03, (THEWILL)- Investors, on Friday, showed an insatiable appetite for the Federal Government’s securities, as the Central Bank of Nigeria (CBN) successfully sold N1.053 trillion ($680 million) in short-term instruments as part of its liquidity management exercise.
The CBN...
March 03, (THEWILL)- The Central Bank of Nigeria, CBN, has said it would sell Treasury Bills, TBs, worth N1.64 trillion for the second quarter 2024, Q2’24 on behalf of the federal government.
This is contained in the apex bank’s Nigeria...
March 03, (THEWILL)- The Central Bank of Nigeria, CBN, has revoked the licenses of 4,173 Bureau De Change Operators.
According to the apex bank, the affected institutions failed to observe regulatory provisions.
These, according to the bank, include payment of all...
