Banking & Finance
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124Banks’ Credit to Private Sector Drops by ₦1.3tr in One Year
Credit extended to Nigeria’s private sector by deposit money banks declined by N1.3 trillion over the past year, reflecting the combined impact...
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204Banks’ Bad Loans Spike After CBN Withdraws Forbearance
Nigeria’s banking sector recorded a rise in bad loans in 2025 after the Central Bank of Nigeria withdrew the regulatory forbearance granted...
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226CBN Orders PoS Terminal Providers to Connect System to NIBSS, UPSL
The Central Bank of Nigeria (CBN) has directed all acquirers, processors, and Payment Terminal Service Providers (PTSPs) to implement mandatory dual connectivity...
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294
Banks Strengthen Capital Base as CBN Tightens Controls
The Central Bank Governor, Olayemi Cardoso, says the apex bank continues to stay alert to emerging risks such as cyber threats, credit-concentration...
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203CBN Delists Non-Compliant BDCs
The Central Bank of Nigeria has announced that all legacy Bureau De Change operators who failed to meet its new licensing requirements...
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205FIRS Seeks Stronger Security Collaboration Ahead of New Revenue Law
The Federal Inland Revenue Service (FIRS) has called for deeper collaboration with security agencies to strengthen tax enforcement and protect national revenue...
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187Cash Inflows to Banks Hit ₦5.11tr in November
Nigeria’s banking system recorded a significant cash surge in November, with total inflows reaching N5.11 trillion, driven by a combination of large...
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155CBN Ends Cash Deposit Limit for Bank Customers
The Central Bank of Nigeria has removed all cash-deposit limits for bank customers while maintaining strict weekly withdrawal ceilings under a revised...
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70Cash Demand Surges As Currency Outside Banks Hits ₦4.65tr
Nigeria’s appetite for cash intensified in October as Currency Outside Banks (COB) climbed for the second consecutive month to N4.65 trillion, signalling...
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154AfDB’s Loan to Nigeria Hits $5.1b
The African Development Bank Group has approved a new $500 million loan for the Federal Government of Nigeria, pushing the Bank’s total...
