Tag: Banking Sector

Nigerian banks could face penalties of up to N100 million for breaches of foreign exchange (forex) regulations as authorities move ...

Nigeria’s banking industry recorded a significant increase in revenue from account maintenance charges during the first quarter of 2026, reflecting ...

Nigeria recorded a major increase in foreign capital inflows during the first quarter of 2026, with total capital importation rising ...

The African Development Bank (AfDB) has raised concerns about the low level of lending by Nigerian banks to businesses, revealing that credit ...

Nigeria’s growing shift toward digital payments is creating new opportunities for small and medium-sized businesses across the country. As more ...

Nigeria’s banking sector is facing growing pressure as the ratio of bad loans increased to 8.03 per cent in January ...

Nigerian banks increased their exposure to government debt by N15.66 trillion over the past year, underscoring the federal government's growing ...

Nigeria’s money market witnessed a major increase in liquidity last week, with available funds in the banking system rising to ...

The Central Bank of Nigeria (CBN) has postponed the enforcement of its mandatory geo-fencing policy for Point-of-Sale (PoS) terminals, giving ...

Nigeria recorded a decline in the amount of cash held outside the banking system between February and April 2026 after ...