30 results
- 3 Jan 2022
CBN Plans Improved Access to Finance, Credit for Households, SMEs in 2022
Central Bank of Nigeria (CBN) has said it will improve access to finance and credit for households, small and medium-sized enterprises (SMEs) in 2022. Godwin Emefiele, CBN governor Godwin Emefiele,…
- 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…
- 21 Mar 2021
CBN to Increase COVID-19 TCF to N300Bn
Central Bank of Nigeria (CBN) has said it will increase its Targeted Credit Facility for households and small and medium enterprises from N150 billion to N300 billion. Godwin Emefiele, governor of…
- 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…
- 11 Mar 2021
CBN Reopens COVID-19 Loan Portal for Households, Businesses
Central Bank of Nigeria (CBN) is receiving applications for its N50 billion targeted credit facility (TCF) aimed at supporting households and micro, small and medium enterprises (MSMEs) affected by…
- 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…
- 20 Mar 2022
CBN Slashes Interest on Intervention Loans to 5 Per Cent
Central Bank of Nigeria (CBN) has cut interest rates on all intervention facilities from nine to five per cent per annum. The regulatory forbearance would allow banks to restructure loans given to…
- 9 Sept 2020
CBN, Bankers Committee Move to Tackle Cyber Security With Moni Sense
The Bankers’ Committee of Nigeria in partnership with the Central Bank of Nigeria, has unveiled its cybersecurity & fraud awareness campaign, known as ‘Moni Sense’. Moni Sense, is specifically…
- 5 Dec 2022
Venco Secures $670,000 Pre-seed Funding to Deliver Digital Solutions for Properties in Africa
Venco, a technology company that provides solutions to enhance living experiences in residential and commercial communities in Africa, has secured $670,000 in an oversubscribed pre-seed funding round…
- 28 Nov 2021
CBN Set to Establish Int’l Financial Centre at Eko Atlantic City
Mr. Godwin Emefiele, the Governor of the Central Bank of Nigeria (CBN), has disclosed plans by the apex bank to set up an International Financial Centre at the Eko Atlantic City in Lagos to be…
- 13 Jun 2018
Specta, Sterling Bank’s Online Platform Advances N2Bn Loans in 4 Months
Specta, the revolutionary lending platform powered by Sterling Bank, has advanced consumer loans worth N2billion to salaried workers who are members of the lending platform’s pre-approved community.…
- 28 Nov 2021
eNaira Downloads Almost 600,000 in Less than 4 weeks – Emefiele
Godwin Emefiele, Governor of the Central Bank of Nigeria, has said that in less than four weeks, the eNaira app had witnessed almost 600,000 downloads since its launch in October. Emefiele disclosed…
- 16 Jun 2026
Mutual Benefits Decries Nigeria's Credit Gap, Offers Solutions
A recent study - Nigeria’s Credit Landscape Report 2025 - has revealed a striking paradox in the nation's financial ecosystem, revealing that while more Nigerians are becoming financially included,…
- 15 Mar 2021
NIRSAL Microfinance Bank Warns Public on Loan Scammers
NIRSAL) on Monday raised the alarm over the activities of scammers posing as its staff or agents, demanding and receiving money from unsuspecting members of the public purportedly to secure COVID-19…
- 2 Nov 2009
Adehyeman Signs on Rubikon Banking Software
Neptune Software has announced that Adehyeman Savings and Loans Limited, a fully registered and licensed savings and loans company in Accra, has signed contract for supply and implementation of the…
- 13 Mar 2026
Recapitalisation Without Transformation is a Risk Nigeria Cannot Afford
By Blaise Udunze In barely two weeks, Nigeria’s banking sector will once again be at a historic turning point. As the deadline for the latest recapitalisation exercise approaches on March 31, 2026,…
- 17 Nov 2008
Bank PHB Launches ‘Pink Account’
Bank PHB has launched a product that is exclusively tailored to meet the growing needs of women in our society, tagged the ‘Pink Account.’ The product would help the modern contemporary…
- 13 Mar 2018
Emerging Technologies are Enabling Fintech Companies to Improve Financial Inclusion - Report
Today, fintech companies are making significant progress in promoting financial inclusion through innovative business models, products and use of emerging technologies such as digital identity,…
- 13 Apr 2020
CBN Denies Charging Fee on COVID-19 Loan Application
Central Bank of Nigeria (CBN) has said that the bank does not charge any fee on COVID-19 loan application as claimed in false reports circulated on social media. Mr Isaac Okorafor, director,…
- 18 Jun 2025
PalmPay’s Bold Move For Social Impact in Northern Nigeria
In the busy Fagge Market in Kano, Zahra Bello, a middle-aged entrepreneur who runs a fabric store, speaks about her experience with mobile banking and how this has simplified business transactions…
- 27 Nov 2025
CBN’s 303rd MPC Meeting: A Technocratic Victory, an Economic Setback, and a Missed Opportunity on Nigeria’s Real Crisis
By Blaise Udunze The Central Bank of Nigeria (CBN) 303rd Monetary Policy Committee (MPC) meeting arrived at a time of unprecedented tension within the Nigerian economy. The country has not faced a…
- 1 Jul 2026
S&P Sees Increased Loan Losses for Nigerian, African Banks Amid Global Risks
Nigerian banks are expected to contend with elevated loan losses through 2026 as high interest rates, persistent inflation and the withdrawal of regulatory forbearance continue to weigh on the…
- 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…
- 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…
- 21 Oct 2025
Banks' Funding Failure: The Shocking Rot In Nigeria's Intervention Programmes
By Blaise Udunze For over a decade, the Nigerian government and its financial institutions have launched a flurry of intervention funds, all with the promise to empower industries, revive the…
- 1 Feb 2021
Nigeria Monetary Policy Makers in Tight Spot as Stagflation Takes Hold
By Lukman Otunuga, Senior Research Analyst at FXTM Nigerian monetary policymakers face three main pressures this quarter: the ongoing COVID-19 pandemic and a pressing need for economic stimulus in…
- 2 Aug 2021
FCMB to Empower Women in Renewable Energy, Others with AfDB’s $50m Credit Facility
First City Monument Bank (FCMB) has said that women and local enterprises involved in agribusiness, manufacturing, health care, and renewable energy will soon have access to long-term funding…
- 17 May 2010
Monetary Policy Committee Holds Meeting
The Monetary Policy Committee (MPC) met on 10th and 11th May, 2010 to review domestic economic conditions during the first four months of 2010 and the challenges facing the Nigerian economy against…
- 16 Nov 2017
EcoBank Research: Digital Innovation in SSA Driven by Explosion in Mobile Phone Usage
By peter oluka Digital innovation in Sub-Saharan Africa is being driven by the explosion in mobile phone usage, enabling African consumers to leapfrog existing business models and technologies The…
- 7 Oct 2021
CBN Commits over N1.3 trillion to Boost Economy
The Central Bank of Nigeria (CBN) has committed over N1.3 trillion to various intervention programmes, in order to boost the economy, in the last one and half years following the outbreak of the…