Banking & Finance
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350European Bank for Reconstruction Targets $1.5b Investment In Nigeria in 3 Years
The European Bank for Reconstruction and Development (EBRD) has unveiled plans to invest at least $1.5 billion in Nigeria over the next...
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316CBN Limits Contract Suspension for Banks Under Supervision to 2 Days
The Central Bank of Nigeria (CBN) has issued a new regulatory guidance limiting the suspension of payment obligations and contractual termination rights...
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101Banks’ Lending to Private Sector Rises to ₦81.04tr
Banking industry credit to the private sector rebounded marginally in May 2026, rising by 0.56 per cent to N81.041 trillion from N80.585...
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418Credit to Manufacturers Dropped 22.5% in 2025 –MAN
The Manufacturers Association of Nigeria has expressed concern over the sharp decline in commercial bank credit to the manufacturing sector. It warned...
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518CBN 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...
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335CBN 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...
