CBN

BREAKING: CBN Raises Interest Rate To 17.5%

January 24, (THEWILL) - The Central Bank of Nigeria (CBN) on Tuesday, raised its benchmark interest rate by 100 basis points to 17.5%, citing fears of a further rise in inflation. CBN Governor, Godwin Emefiele, announced this...

OPINION: Why Were Heads of CBN, INEC Under Siege From Security Agencies?

There is currently a limit to the amount of cash that individuals and corporate bodies can withdraw from their bank accounts across the counter in Nigeria. But there is no limit to the absurdities that can happen in the...

Naira Redesign: CBN Launches Cash Swap Scheme For Rural Communities

January 21, (THEWILL) - The Central Bank of Nigeria (CBN) has announced the launch of a Cash Swap Programme for rural and underserved areas, which takes effect from Monday, January 23, 2023. The apex bank announced this in a circular issued...

New Naira Notes: CBN Visits Banks In Yenagoa To Ascertain Dispensation

January 19, (THEWILL) - Officials of the Central Bank of Nigeria are visiting commercial banks in Bayelsa State to assess the level of compliance with the CBN’s directive on the issuance of the new Naira notes to customers. While most...

CBN Threatens To Sanction Banks Dispensing Old Notes

January 19, (THEWILL) - Ahead of the January 31 deadline by the Central Bank of Nigeria (CBN) to phase out old naira notes, the apex bank has threatened to sanction banks that continue to fill their Automated Teller Machines...

OPINION: Why Were Heads Of CBN And INEC Under Siege From Security Agencies?

January 18, (THEWILL) - There is currently a limit to the amount of cash that individuals and corporate bodies can withdraw from their bank accounts across the counter in Nigeria. But there is no limit to the absurdities that can...

NOA Sensitises Heads Of Federal Establishments on New Naira Notes in Akwa Ibom

January 17, (THEWILL) - The National Orientation Agency (NOA) has commenced sensitisation of Heads of Federal Establishments in Akwa Ibom, on security features on the redesigned naira notes by the Central Bank of Nigeria (CBN). The CBN on Dec....

CBN Governor Emefiele Resumes Duty After Annual Leave 

January 16, (THEWILL) - Central Bank Governor, Godwin Emefiele, has returned to Nigeria from his annual leave vacation abroad. The apex bank in a statement issued by its  Director, Corporate Communications, Osita Nwanisobi, said Emiefiele resumed his duty as Governor...

Mixed Reactions Trail Cash Withdrawal Limit in Lagos

January 10, (THEWILL) - The cash withdrawal limit imposed by the Central Bank of Nigeria (CBN) kicked off across the country yesterday, Monday, January 9, 2022, with Lagos residents expressing mixed reactions. The apex bank had notified the public of...

Call For Arrest, Visa Ban: CSOs Recant, Apologise To Emefiele

January 10, (THEWILL) – A coalition of Civil Society Organisations (CSOs) has recanted on its call for a visa ban and arrest of Godwin Emefiele, the Governor of the Central Bank of Nigeria (CBN). The groups had earlier demanded that...
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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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