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Nigerians borrow more for homes as credit demand rises
Happening Now

Nigerians borrow more for homes as credit demand rises

Nigerians increased their demand for loans to buy homes, meet household needs and support small businesses in the second quarter…
Banks tighten fraud checks as consumer lending slows
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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…
Report urges banks to share fraud intelligence
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Report urges banks to share fraud intelligence

Nigeria’s financial system is processing more digital transactions than ever before. The challenge now is ensuring trust grows as quickly…
Cash outside banks falls to seven-month low as Nigerians return more money to the banking system
Happening Now

Cash outside banks falls to seven-month low as Nigerians return more money to the banking system

Nigeria is a country where cash still dominates everyday transactions, but more Nigerians are beginning to take their money back…
High food prices still threaten Nigerians despite slower inflation – CPPE
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High food prices still threaten Nigerians despite slower inflation – CPPE

While Nigeria’s inflation rate appears to be stabilising, experts warn that rising food prices remain the country’s biggest economic challenge,…
Nigeria’s small businesses are trapped in a ₦130tn funding crisis
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Nigeria’s small businesses are trapped in a ₦130tn funding crisis

Nigeria’s small business sector may be carrying the economy on its back, but access to funding remains one of its…
CBN is turning BVN into a stronger identity gate for banking
Business

CBN is turning BVN into a stronger identity gate for banking

Nigeria’s banking system is quietly getting stricter, and this time, the changes are not about new apps or policies people…
CBN raises ATM card fee to ₦1,500 as banks adjust pricing model
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CBN raises ATM card fee to ₦1,500 as banks adjust pricing model

The Central Bank of Nigeria has raised the cost of issuing and replacing ATM debit and credit cards to ₦1,500,…
CBN, NCC move to close telecom gaps fueling digital fraud
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CBN, NCC move to close telecom gaps fueling digital fraud

The Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC) have signed a memorandum of understanding to strengthen…
30 banks clear capital requirement as CBN reviews 3 others
Business

30 banks clear capital requirement as CBN reviews 3 others

Nigeria’s banking sector is moving closer to a major regulatory target after the Central Bank of Nigeria disclosed that most…
Borrowing costs could ease as CBN cuts interest
Business

Borrowing costs could ease as CBN cuts interest

Borrowing money in Nigeria has been brutally expensive for months. From business loans to personal credit, interest rates climbed to…
CBN tightens cash withdrawals, scraps special multi-million naira permissions
Happening Now

CBN tightens cash withdrawals, scraps special multi-million naira permissions

The Central Bank of Nigeria has announced sweeping changes to cash withdrawal rules that will tighten limits on how much…
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