Nigerian banks are facing a fresh wave of financial stress as non-performing loans (NPLs) have risen significantly following the Central Bank of Nigeria’s (CBN) decision […]
Category: CBN
Nigeria’s GDP Growth Drops to 3.84% in Q1 2026 as Oil and Non-Oil Sectors Record Significant Decline
Nigeria’s Gross Domestic Product (GDP) growth rate has dropped to 3.84% in the first quarter of 2026, a worrying decline that signals mounting pressure on […]
CBN Orders Banks to Deny Loan Defaulters Access to New Credit
ABUJA, NIGERIA — The Central Bank of Nigeria (CBN) has directed all commercial banks to restrict access to credit and specified banking services for large-ticket […]
Nigeria’s Central Bank Announces Major Easing of Cash Restrictions
The Central Bank of Nigeria (CBN) has announced a sweeping revision of its cash policies, removing limits on deposits and significantly increasing the amount customers […]
CBN Rate Hikes Boost Fixed Income Market In 2024 — AIHN Report
LAGOS – The Association of Issuing Houses of Nigeria (AIHN) has reported that the Central Bank of Nigeria’s aggressive interest rate hikes significantly boosted investor […]
Naira Holds Steady Against Dollar in Official and Parallel Markets
LAGOS – The Nigerian Naira maintained a relatively stable position against the US Dollar on Thursday, November 6, 2025, trading within a narrow band across […]
Naira Appreciates Across Forex Markets, Closing Week Stronger
The Nigerian Naira closed the week on a positive note, appreciating against the US dollar in both the parallel and official foreign exchange markets on […]