The Central Bank of Nigeria (CBN) has instructed commercial banks to clamp down on additional lending to high-value borrowers saddled with non-performing loans (NPLs). The directive, contained in an official ...
Nigeria’s banks have flooded the CBN’s Standing Deposit Facility with nearly ₦7 trillion in excess cash, highlighting a persistent liquidity glut the central bank is struggling to absorb. Figures released ...
CBN announces major progress in bank recapitalization, revealing that 30 of 33 Nigerian banks now meet the new minimum capital requirements as of March 6, 2026, just weeks ahead of ...
Nigerian banks tightened their lending purse strings at the dawn of 2026, as fresh data from the Central Bank of Nigeria (CBN) revealed a noticeable dip in credit extended to ...
The Central Bank of Nigeria (CBN) has issued a stern warning to financial institutions across the country, demanding immediate and coordinated action to combat an increasingly sophisticated wave of electronic ...
Austriacard Holdings, a global provider of card and secure chip solutions, has announced its commitment to collaborating with banks, fintechs, and other key stakeholders to advance Nigeria’s payment system. Burak ...
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