Nigeria is currently undergoing a severe economic crisis under the leadership of President Bola Tinubu, who assumed office on May 29, 2023. This crisis is characterised by a significant depreciation of the national currency, the naira, against the US...
The naira plunged deeper to N948/$1 at the parallel market on Friday, August 11, 2023 – two months after Mr Godwin Emefiele was suspended from office as Governor of the Central Bank of Nigeria by President Bola Tinubu on...
The plan by the Federal Government to engage the microfinance banks (Mfbs) in the implementation of its N500 billion palliative programme, brings to the fore the need for the Nigeria Deposit Insurance Corporation (NDIC) to step up its statutory...
Group Managing Director, Afrinvest (West Africa) Limited, Mr Ike Chioke, spoke with journalists on the sidelines of the company’s mid-year investment parley in Lagos. SAM DIALA was there. Excerpts:
Your mid-year review is entitled ‘Turning Point’. Can you explain this?
It...
August 03, (THEWILL) - The Central Bank of Nigeria (CBN) has said it lacks control over the price of petrol and the foreign exchange rate between the Naira and dollar.
A principal manager in CBN, Clement Osagie, said this...
August 01, (THEWILL) - The Central Bank of Nigeria (CBN) has exempted Microfinance banks (MFBs) and primary mortgage banks (PMBs), from paying processing fees for withdrawals above the cash withdrawal limits.
In December 2022, the CBN directed deposit money...
July 31, (THEWILL) - The aftermath of fuel subsidy removal is still a subject of discourse in Nigeria's economic projections, especially as citizens continue to lament the harsh impact under the present administration.
Unfortunately, the economic environment is in bad...
July 26, (THEWILL) - The Central Bank of Nigeria (CBN) has directed banks to vacate a post-no-debit restriction placed on the bank accounts of 440 individuals and companies.
A post-no-debit means that all debit transactions, including ATMs and cheques,...
July 23, (THEWILL) – The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Central Bank of Nigeria (CBN) over “the failure to delete the patently unlawful provisions in the Central Bank of Nigeria (Customer...
July 18, (THEWILL) - The Department of State Services, on Tuesday, stirred another controversy over the continued detention of Godwin Emefiele, the suspended Central Bank Governor.
THEWILL had, on Monday, reported a suit filed by a consortium of lawyers...
