Banks Raise Lending Rates Despite CBN Interest Rate Cuts
Nigerian businesses are yet to enjoy cheaper loans despite repeated interest rate cuts by the Central Bank of Nigeria (CBN), as commercial banks have raised average prime lending rates in…
NFIU Records 42,082 Suspicious Transaction Reports in 2025
The Nigerian Financial Intelligence Unit (NFIU) received 42,082 Suspicious Transaction Reports (STRs) from banks, fintech firms and other reporting entities in 2025, according to its annual report. The agency also…
CBN Reports Higher Bank Lending, Lower Loan Defaults
Nigerian banks expanded the supply of bank lending across secured, unsecured and corporate loans during the second quarter of 2026, while loan default rates declined across all major lending categories,…
CBN Orders N19.12bn Refunds to Bank Customers
CBN customer complaints rose in 2025 as more bank customers reported issues, leading to billions of naira and millions of dollars in refunds. The Central Bank of Nigeria (CBN) revealed…
