The combined bank lending to oil firms operating in the downstream and upstream subsectors of the Nigerian oil and gas industry was N6.62tn as of December 2022, according to data from the Central Bank of Nigeria. (CBN).
While operators in...
May 16, (THEWILL) – The Central Bank of Nigeria (CBN) has unveiled an e-learning platform, ‘SabiMONI’, to promote financial literacy and deepen financial inclusion.
A fully digital national e-learning platform that provides a knowledge base for financial literacy, SabiMONI...
May 11, (THEWILL) – The Nigeria Immigration Service (NIS) has blamed the Central Bank of Nigeria (CBN) for the scarcity of international passport booklets in the country.
The Comptroller-General (C-G) of NIS, Idris Jere, complained that the foreign exchange (forex)...
May 09, (THEWILL) - The Central Bank of Nigeria (CBN) has said that proceeds of non-oil exports repatriated under the RT200 programme increased by 40 percent to $5.6 billion in 2022 as against $3.0 billion in 2021.
This was...
May 09, (THEWILL) – To improve forex liquidity, the Central Bank of Nigeria (CBN) has authorised foreign banks’ representatives in Nigeria to lend in dollars.
To actualise this, the apex bank authorised the banks to work with their...
Nigeria’s deposit money banks and other financial institutions, together with the Federation Accounts Allocation Committee (FAAC), raked in N135.56 trillion from electronic payment transactions in the first quarter (Q1) of 2023 as the Central Bank of Nigeria (CBN) intensifies...
May 03, (THEWILL) – The Central Bank of Nigeria (CBN) says it is tackling threats to payment system in order to advance the cashless policy and deepen financial inclusion.
The Governor, CBN, Mr Godwin Emefiele, disclosed this in his...
May 02, (THEWILL) - Nigeria’s payment security system is among the top ten as the world abandons the traditional cheque and cash transactions for digital payment systems.
The Central Bank of Nigeria (CBN) governor, Godwin Emefiele, made this disclosure Tuesday...
May 01, (THEWILL) – The Central Bank of Nigeria (CBN) has said it is committed to adequate supply of the new Naira notes ahead of the December 31 deadline on the old N1,000, N500 and N200 denominations.
The assurance...
April 28, (THEWILL) - A former Group Managing Director (GMD), Nigerian National Petroleum Corporation (NNPC), Andrew Yakubu, has sued the Economic and Financial Crimes Commission (EFCC), the Central Bank of Nigeria (CBN) and Guarantee Trust Bank (GTB), over alleged...
