A CBN Business Expectations Survey for July 2026 found 70.8% of Nigerian firms see high and multiple taxation as their most pressing constraint, ahead of insecurity and interest rates.
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CBN
Nigeria’s real GDP grew 4.43% year on year in Q2 2026 as inflation slowed to 15.39% in August, the central bank cut rates to 23% and reserves hit an 18-year …
- BankingBusinessConsumer ProtectionEconomyFinanceRegulation
NDIC assures ASO, Union homes depositors of N2m payouts
The financial landscape in Nigeria’s mortgage subsector witnessed a major shake-up on Tuesday as the Nigeria Deposit Insurance Corporation (NDIC) officially moved in to liquidate two prominent institutions: Aso Savings …
- BankingBusinessEconomyForex TradingNewsRegulation
CBN Revokes Licences of Legacy BDC Operators Who Missed New Compliance Deadline
The Central Bank of Nigeria has confirmed that all legacy Bureau De Change operators that failed to meet the new licensing requirements by 30 November 2025 have automatically lost their …
- AgricultureBanking, Finance & InvestmentEconomyFood SecurityPoliciesRural Development
CBN Targets Higher Farm Loans as Cardoso Pushes Banks
The Central Bank of Nigeria (CBN) has said it plans to raise agricultural lending beyond the current level of less than five per cent of total bank credit, as the …
- AgricultureBanking, Finance & InvestmentEconomyGovernancePoliciesRural DevelopmentTechnology
CBN Tasks ACGSF Board to Remove Collateral Barriers
The Central Bank of Nigeria (CBN) has charged the newly inaugurated Board of the Agricultural Credit Guarantee Scheme Fund (ACGSF) to ensure that lack of collateral and remote location no …
- BankingEconomyFinance & ServicesGovernment PolicyINVESTMENTMarket Forecast
Naira Weakens Slightly at Official Market as Dollar Demand Increases Toward Year-End
Nigeria’s currency recorded a slight weakening at the official foreign exchange market on Monday, as the naira closed at N1,451.86 per US dollar, compared to N1,450.43 per dollar recorded at …
- BankingEconomyFinance & ServicesForex TradingGovernment PolicyMarketsRegulation
CBN Approves Only 82 Licensed BDCs After New Forex Rules, Warns Nigerians Against Unauthorised Operators
The Central Bank of Nigeria has confirmed that only 82 Bureaux De Change (BDCs) have been granted final approval to operate in the country after meeting its new and stricter …
- BankingBusinessDebt Management,EconomyFinanceGOVERNMENT
AMCON Says It Has Repaid N3.6tn to CBN, Plans Workforce Cut as Debt Recovery Intensifies
The Asset Management Corporation of Nigeria has revealed that it has repaid about N3.6tn to the Central Bank of Nigeria since it was created in 2010 to stabilise the financial …
- BankingCBNEconomyFinancial RegulationNewsNigeriaPolicies
CBN removes all cash-deposit limits, retains strict withdrawal ceilings
The Central Bank of Nigeria has announced major changes to the country’s cash-management rules, removing all limits on how much cash customers can deposit in banks while maintaining strict weekly …
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