February 03, (THEWILL) - The Central Bank of Nigeria (CBN) has refuted reports that the Federal Government is planning to convert $30 billion domiciliary deposits to Naira.
The rebuttal followed report by a national newspaper (not THEWILL), that the...
February 02, (THEWILL) - The Central Bank of Nigeria (CBN), has removed allowable limit of exchange rate quoted by the International Money Transfer Operators (IMTOs).
The apex bank had directed the IMTOs to quote rates within a permissible range...
January 30, (THEWILL) - The International Air Transport Association (IATA) has reacted to the statement by the Central Bank of Nigeria (CBN) that it has fully cleared the backlog of blocked funds owed the international airlines.
The CBN had...
January 30, (THEWILL) – The Central Bank of Nigeria (CBN), has concluded the payment of all verified claims of backlog of foreign exchange owed to foreign airlines, with an additional $64.44 million to the concerned airlines.
Acting Director of Corporate...
January 29, (THEWILL) - The Central Bank of Nigeria (CBN), has released $500 million to various sectors in its determination to address the backlog of verified foreign exchange transactions,
 This comes barely a week after the Bank paid approximately $2.0...
January 28, (THEWILL) - That is the question Nigerians on two divides are trying to find answers to at the moment. On 18 January 2024, Mrs. Olubunmi Kuku MD of Federal Airports Authority of Nigeria (FAAN) sent a memo...
January 25, (THEWILL) - Former Governor of the Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi, has described the decision of the apex bank to relocate some of its departments from Abuja to Lagos as an “eminently sensible...
January 24, (THEWILL) - The Governor, Central Bank of Nigeria (CBN), Dr Olayemi Cardoso, has revealed that a new 5-Year Strategy has been launched for the CBN under his leadership.
Dr Cardoso, who disclosed this in a keynote address...
January 19, (THEWILL) - The Central Bank of Nigeria (CBN) will hold its first Monetary Policy Committee (MPC) meeting under the leadership of Dr Olayemi Cardoso who assumed office as the CBN Governor on October 5, 2023.
...
January 14, (THEWILL) - The recent dissolution of boards and management teams of three deposit money banks by the Central Bank of Nigeria (CBN) has sparked mixed reactions among stakeholders and industry experts.
The CBN had announced the dissolution of...
