CBN Moves Against Banks Over Forex Withdrawal Restrictions
The Central Bank of Nigeria (CBN) is investigating complaints that some commercial banks are restricting customers from accessing cash in ...
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Six Nigerian Banks Pay N1.27trn Dividends Despite Regulatory Restrictions
Only six of Nigeria’s major listed banks paid dividends totalling about N1.27 trillion to shareholders for the 2025 financial year, ...
Nigerian Banks Reassure Customers as Global Cyberattack Campaign Fails to Disrupt Services
Nigerian banks have reassured customers that their funds and personal information remain secure despite a sophisticated global cyber campaign targeting ...
Banks Reduce Lending by N5.45tn to Eight Key Sectors Amid CBN Loan Clean-Up
Nigerian Deposit Money Banks (DMBs) reduced lending to eight major sectors of the economy by N5.45 trillion, representing a 14.8 ...
NDIC Begins Payment to Depositors of 46 Closed Banks
The Nigeria Deposit Insurance Corporation (NDIC) has commenced the liquidation of 46 microfinance banks following the revocation of their operating ...
CBN Withdraws Operating Licenses of 46 Microfinance Banks
The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks nationwide, with the decision taking ...
CBN Orders Banks To Freeze Accounts Linked To Terrorism Financing
The Central Bank of Nigeria (CBN) has directed all banks, payment service banks, Bureau De Change (BDC) operators and other ...
CBN Introduces Stricter Forex Rules, Slams ₦100m Fine on Banks Over Documentation Breaches
The Central Bank of Nigeria (CBN) has unveiled a new set of foreign exchange regulations, introducing a ₦100 million penalty ...
CBN Rate Cut Sparks ₦36trn Drop in Banks’ Deposits to ₦92.3trn
Deposits held by Nigerian banks with the Central Bank of Nigeria (CBN) declined sharply to ₦92.32 trillion in April 2026, ...
Lagos Mandates Public Access to Toilets in Banks, Filling Stations, Eateries
The Lagos State Government has directed banks, filling stations, eateries, and other customer-facing businesses to make their restroom facilities accessible ...
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