banking sector
Inside Nigeria’s ₦6.08 trillion bank liquidity puzzle
Business
October 20, 2026
Inside Nigeria’s ₦6.08 trillion bank liquidity puzzle
Nigeria’s banks had more than ₦6 trillion deposited with the Central Bank of Nigeria (CBN) by 16 October 2026. The…
Banks tighten fraud checks as consumer lending slows
Happening Now
July 31, 2026
Banks tighten fraud checks as consumer lending slows
Nigeria’s banking industry tightened its grip on fraud in 2025, flagging thousands more Bank Verification Numbers (BVNs) for suspected fraudulent…
CBN cuts interest rate to 27% after months of holding steady
Business
September 23, 2025
CBN cuts interest rate to 27% after months of holding steady
For the first time this year, the Central Bank of Nigeria has nudged interest rates down. The Monetary Policy Committee…