Banking & Finance
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289Banks’ Maximum Lending Rate Drops to 33.16%
Nigeria’s average maximum lending rate eased to 33.16 per cent in June 2026, down from 34.78 per cent in May, reflecting a...
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645CBN Unveils Centralised System to Track BDC Transactions
The Central Bank of Nigeria has introduced a comprehensive real-time monitoring framework for Bureau De Change operators, unveiling a centralised transaction-tracking platform...
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478European 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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443CBN 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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249Banks’ 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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549Credit 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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675CBN 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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494CBN 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...
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444
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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442CBN 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...
