Banking

Corporate borrowers and state-backed entities paid coupon rates as high as 20% to access Nigeria’s debt capital market in the...

Nigeria’s average maximum lending rate declined to 33.16% in June 2026, down from 34.78% in May, offering a slight reduction...

The Central Bank of Nigeria (CBN) has revoked the operating licences of **46 microfinance banks** with immediate effect, citing serious...

The Central Bank of Nigeria (CBN) has issued a strong warning to Nigerians about a rising wave of scam messages...

The Central Bank of Nigeria (CBN) has introduced a significant regulatory requirement for fintech companies and other financial institutions, mandating...

Wema Bank has temporarily suspended all communications on its official X (formerly Twitter) platform due to a sharp increase in...

The Central Bank of Nigeria (CBN) has announced plans to significantly reduce the amount of cash circulating outside the formal...

Non-performing loans (NPLs) in Nigeria’s banking industry rose to 8.03% in January 2026, marking a noticeable deterioration in asset quality...

The Central Bank of Nigeria (CBN) has officially launched the fourth edition of its Foreign Exchange Manual, introducing updated guidelines...

The Central Bank of Nigeria (CBN) has issued a strong warning to non-interest financial institutions to strengthen their governance and...