Banking & Finance
-
450CBN Unveils Overnight Financing Rate
The Central Bank of Nigeria (CBN) has officially launched the Nigeria Overnight Financing Rate (NOFR), a new benchmark interest rate designed to...
-
268CBN Orders Banks to Localise Payments Data
The Central Bank of Nigeria has directed banks, fintech firms and other payment service providers to store payment transaction data generated within...
-
252CBN Proposes Stricter Regulation of Banks, Affiliated Companies’ Business Dealings
The Central Bank of Nigeria (CBN) has issued draft guidelines that would impose stricter controls on transactions between banks, financial institutions and...
-
153CBN Tightens FX Rules, Imposes ₦100m Fine on Banks
The Central Bank of Nigeria (CBN) has unveiled a sweeping revision of its foreign exchange regulatory framework, introducing a N100 million penalty...
-
565Naira Misses Africa’s Top 10 Spot in May Despite FX Stability
Despite a relatively stable foreign exchange market and a significant increase in the country’s external reserves, the naira narrowly missed out on...
-
486
Banks: Bad Loans Rise After CBN Ends Forbearance
Bad loans in Nigeria’s banking sector rose to 8.03 per cent in January 2026, seven months after the Central Bank of Nigeria...
