Bank Lending to Manufacturers Drops 26.8% to N5.19 Trillion, CBN Data Show
Outstanding bank credit to Nigeria’s manufacturing sector fell 26.8 per cent year-on-year to N5.19 trillion in June 2026, according to ...
Tag: banks
Banks Hold Off on Lowering Loan Rates Nearly a Week After CBN’s 350-Point Cut
Nigerian banks have yet to reduce lending rates almost a week after the Central Bank of Nigeria lowered the Monetary ...
Banking System Liquidity Falls N3.86 Trillion as CBN Open Market Operation Drains Cash
Nigeria’s banking system liquidity dropped by N3.86 trillion on Thursday after the Central Bank of Nigeria carried out a fresh ...
NDIC Begins Payments to Depositors of 46 Closed Microfinance Banks
The Nigeria Deposit Insurance Corporation has commenced reimbursement of depositors affected by the closure of 46 microfinance banks across the ...
Cash Outside Banks Falls by N486 Billion to Seven-Month Low
Currency held outside Nigeria’s banking system dropped to its lowest level in seven months in June 2026, signalling a gradual ...
Nigerian Issuers Pay Up to 20% to Raise Debt in First Half of 2026
Corporate borrowers and state-backed entities paid coupon rates as high as 20% to access Nigeria’s debt capital market in the ...
Banks’ Maximum Lending Rate Eases to 33.16% in June
Nigeria’s average maximum lending rate declined to 33.16% in June 2026, down from 34.78% in May, offering a slight reduction ...
NGX Rebounds with N719 Billion Gain as FirstHoldCo and MTN Nigeria Spark Recovery
The Nigerian equities market reversed two consecutive sessions of losses on Tuesday, adding N719 billion to total market capitalisation as ...
CBN Revokes Licences of 46 Microfinance Banks in Major Regulatory Sweep
The Central Bank of Nigeria (CBN) has revoked the operating licences of **46 microfinance banks** with immediate effect, citing serious ...
CBN Alerts Public to Surge in Fraudulent Messages Impersonating the Bank
The Central Bank of Nigeria (CBN) has issued a strong warning to Nigerians about a rising wave of scam messages ...
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