Banking & Finance

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...

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CBN 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...

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Naira 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...

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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...

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Inflation Fight, FX Stability Non-Negotiable –Cardoso

Governor of the Central Bank of Nigeria, Olayemi Cardoso, has declared that the fight against inflation and the push for foreign exchange...

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CBN Gives Banks More Time as Legal Hurdles Stall Recapitalisation

Central Bank of Nigeria (CBN) has said that deposit money banks (DMBs) yet to meet the ongoing recapitalisation requirements will continue operations...