Banking & Finance
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75CBN to Tighten Rules on Debit Cards, ATMs to Ease Cash Crunch
The Central Bank of Nigeria (CBN) has unveiled plans to roll out a fresh regulatory framework to streamline debit card issuance and...
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74₦25.85b Lost to Bank Fraud Last Year
Banks loss N25.85b to fraud last year, the Nigeria Interbank Settlement System (NIBSS) Plc has said in a data. The figure, the...
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410Banks Record Rising Loan Defaults Amid Strong Demand –CBN
Banks operating in Nigeria have reported a broad rise in loan defaults across households and businesses, showing growing stress in the credit...
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79Recapitalisation: 20 Banks Hit Capital Mark Ahead of Deadline
The Central Bank of Nigeria has said that about 20 deposit money banks have already met the new capital requirements under the...
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101‘Non-Interest Banks Account for 1.7% of Nigeria’s Banking System’
Non-interest banks account for just 1.7 per cent of Nigeria’s banking system despite more than a decade of regulatory backing and growing...
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73FCCPC Cracks Down on Loan Apps, Brings 521 Digital Lenders Under New Regulation
Nigeria’s fast-growing digital credit market has officially come under tighter regulatory oversight, with 521 digital lending companies now registered with the Federal...
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582Bank Recapitalisation May Increase Market Concentration –CBN
The Central Bank of Nigeria has cautioned that the ongoing banking sector recapitalisation could increase concentration risk in Nigeria’s capital market, potentially...
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299Banks’ 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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285Banks’ 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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CBN 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...
