Nigerian Banks Strengthen Capital Base Amid CBN Regulatory Push   Deposit Money Banks are shoring up their capital base as the Central Bank of Nigeria (CBN) intensifies oversight, reinforcing governance, transparency, and risk management to ensure a resilient, stable financial system. Nigeria’s banking system remains stable and...

CBN Directs Banks to Reimburse APP Fraud Victims within 48 Hours The Central Bank of Nigeria has ordered banks and other financial institutions to reimburse victims of Authorised Push Payment (APP) fraud within 48 hours, marking one of the strongest regulatory moves yet to protect...

House of Reps Investigates Banks Over Tax Deductions, Multiple Charges   The House of Representatives has inaugurated an ad-hoc committee to investigate growing concerns over excessive tax deductions from the earnings of civil and public servants, as well as multiple and unclear bank charges imposed on...

Reps to Question CBN, Banks over Arbitrary Charges The House of Representatives on Tuesday resolved to probe what it described as the “arbitrary, excessive, and unexplained” charges drawn from customers’ accounts by money deposit banks operating in the country. The resolution of the House was a...

CBN's 27% Rate Cut Will Squeeze Banks' Margins - Moody's   Global ratings agency Moody’s Investors Service has warned that Nigeria’s banking sector faces fresh profitability risks after the Central Bank of Nigeria (CBN) cut its benchmark Monetary Policy Rate to 27% from 27.5%. The CBN said...

Bank Credit to Private Sector Declines to N75.83trn   Bank credit to Nigeria’s private sector fell to N75.83tn in August 2025, the lowest level recorded this year, according to the Central Bank of Nigeria’s latest money and credit statistics. The figure represents a 0.4 per cent decline...