Banking & Finance
-
384European 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...
-
351CBN 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...
-
153Banks’ 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...
-
447Credit 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...
-
554CBN 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...
-
371CBN 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...
-
344
CBN 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...
-
321CBN 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...
-
636Naira 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...
-
565
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...
