CBN

CBN Appoints New Executives For Union, Keystone, Polaris Banks

January 11, (THEWILL) - The Central Bank of Nigeria (CBN) has announced new executives for Union Bank Limited, Keystone Bank Limited and Polaris Bank Limited. The CBN, on Wednesday, January 10, 2024, revealed that the appointments followed...

Why We Dissolved Boards Of Union, Keystone And Polaris Banks – CBN

January 11, (THEWILL) - The Central Bank of Nigeria (CBN) has said it dissolved the boards and managements of Union Bank Limited, Keystone Bank Limited and Polaris Bank Limited for infractions against statutory rules which poses a threat...

CBN Bars Crypto Bank Account Operators From Cash Withdrawal

January 03, (THEWILL) - The Central Bank of Nigeria (CBN) has announced that cash withdrawals will not be possible from accounts operated for virtual and digital asset transactions. Withdrawals from these accounts would only be available by transfer or manager’s...

Obazee Lacks Qualification To Probe CBN – Northern Forum

January 02, (THEWILL) - The Concerned Northern Forum (CNF), has cautioned President Bola Tinubu against the report submitted by Jim  Osayande Obazee, the special investigator appointed to probe the tenure of Godwin Emefiele as Governor of the Central Bank...

Your Funds Are Safe – CBN Assures Depositors

December 27, (THEWILL) - The Central Bank of Nigeria (CBN) has assured depositors that their assets in the nation’s financial institutions are safe. Apparently reacting to recent media reports traced to “leaked” information on the ongoing probe...

CBN Back-pedals, Lifts Ban on Crypto-currency Transactions

December 23, (THEWILL) - The Central Bank of Nigeria (CBN) has lifted ban on crypto currency transactions in the country. The apex bank has thus instructed commercial banks to jettison its previous instruction on crypto transactions. The information...

CBN Probe: Special Investigator Obazee Contradicts Buhari, Says Redesign Naira Note Not Approved

December 22, (THEWILL) – Despite claims by former President, Muhammadu Buhari, that the redesign of the N1000, N500 and N200 banknotes was his initiative and actually received his endorsement, the Special Investigator appointed by President Bola Tinubu to...

CBN Assures Of Adequate Cash Supply

December 14, (THEWILL) - The Central Bank of Nigeria (CBN) has reassured Nigerians of enough Naira notes in circulation to cater for their cash needs. CBN Acting Director, Corporate Communications, Mrs Hakama Ali, gave the assurance in a statement on...

CBN Suspends Processing Fees on Large Cash Deposits

December 11, (THEWILL) – The Central Bank of Nigeria (CBN)has issued a new directive to all banks, other financial institutions, and non-bank financial institutions, suspending the processing charges previously imposed on large cash deposits. This change, referenced under the...

Nigerian Banking Industry Remains Resilient – CBN Assures

December 11, (THEWILL) – The Central Bank of Nigeria (CBN) has assured Nigerians and the banking public that the Nigerian banking industry remains resilient. The apex bank gave the assurance in a press statement issued on Monday, by its...
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UEFA Refuses To End FIFA World Cup Boycott Despite Infantino’s U-Turn

UEFA has confirmed it will continue its boycott of FIFA's men's and women's World Cups despite Gianni Infantino...
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