14 results
- 28 Oct 2020
Huge Consumer Loans Weigh Banks Down
A Central Bank of Nigeria (CBN), Survey Report has shown that banks experienced higher loan default rates on credit cards and overdrafts/ personal lending to household in the third quarter of the…
- 20 Jan 2026
CBN Raises Alarm over Loan Defaults by Households, Corporates
Banks recorded an increase in loan defaults by households and corporates in the fourth quarter of 2025, reflecting growing repayment pressures on consumers and businesses, latest Credit Conditions…
- 11 Aug 2026
Nigerians Borrow More to Buy Homes as Mortgage Demand Climbs - CBN
Credit demand for house purchases by Nigerian households rose to 9.6 index points in the second quarter of 2026 (Q2 2026), indicating increased borrowing for personal home acquisition. The Central…
- 30 Dec 2020
Loans Defaults with Collateral Worsened in Q4 – CBN
Central Bank of Nigeria (CBN), has said that default on loans with collateral worsened in the fourth quarter of 2020. Mr. Godwin Emefiele, CBN governor The statistics department of the CBN disclosed…
- 13 Nov 2024
Naira Depreciation Erodes Firms' Confidence, Drops by 3.2 Index Points — CBN
Nigerian businesses are becoming less confident in the economy as expectations of further naira depreciation loom before the year ends, according to the Central Bank of Nigeria’s (CBN) Business…
- 3 Nov 2025
CBN Says High Bank Fees, Multiple Taxes Hamper Businesses
Central Bank of Nigeria’s (CBN) Business Expectations Survey for September 2025, has reported that high bank charges, multiple taxation, and poor infrastructure are the top factors constraining…
- 19 May 2015
IMF to Promote Greater Data Transparency in Developing Countries
Good data can help policymakers identify and manage financial vulnerabilities. And while the quality of data from advanced economies is getting better and more accessible to the public, data from…
- 22 Dec 2025
Naira Stability, Lower Borrowing Costs Expected in 2026 — CBN Survey
The naira is projected to remain largely stable in the coming months, while borrowing costs are expected to ease as inflation moderates, according to the Central Bank of Nigeria’s (CBN) latest…
- 15 Dec 2022
Senate Confirms Aishah Ahmad, Edward Adamu for Second Term as CBN Deputy Governors
The senate has on Thursday, confirmed Mrs Aishah Ahmad, Deputy Governor, Financial System Stability, Central Bank of Nigeria and Edward Adamu, Deputy Governor, Corporate Services, Central Bank of…
- 4 Jul 2017
Citibank Grants N500m Loans to Accion MFB
Citibank has granted N500m loan to Accion Microfinance Bank as part of efforts to promote the development of the microfinance sector in Nigeria. Lola Oyeka, bank’s Country Public Affairs Officer for…
- 23 Jan 2026
How Inside Jobs and Policy Shocks Trigger Nigeria’s Rising Loan Crisis
By Blaise Udunze The latest in the Nigerian banking sector, as banks grapple with the recapitalization compliance deadline, is confronted with a familiar yet unsettling problem that stems from rising…
- 23 Jan 2017
Businesses in Nigeria Worry over Cyber Risk, Others
Threats associated with the cyber space, market volatility and corruption rank high among risk factors considered by companies operating in Nigeria, a new report has revealed. Allianz Global…
- 19 Jan 2017
Nigeria Risks Losing 37% Of GDP to Corruption By 2030- Allianz
Corruption in Nigeria could cost up to 37% of GDP by 2030 if it’s not dealt with immediately, Allianz Global Corporate & Specialty (AGCS) has warned. AGCS is the Allianz centre of expertise for…
- 11 Jul 2023
Top 5 Innovative Renewable Energy Projects in West Africa
A pipeline of innovative renewable energy projects being developed in West Africa are driving sustainable solutions for the region. The upcoming MSGBC Oil, Gas & Power conference – which is…