CBN Releases New Guidance on Contract Suspensions for Troubled Banks   The Central Bank of Nigeria (CBN) has issued interpretative guidance clarifying the practical application of Sections 34(2)(b) and 40(2) of the Banks and Other Financial Institutions Act, 2020, setting a maximum period of two business...

FULL LIST: Why CBN Revoked Licences of 46 Microfinance Banks The Central Bank of Nigeria has revoked the operating licences of 46 microfinance banks across the country over their failure to comply with key regulatory requirements. The apex bank said the revocation took effect from July...

Outstanding consumer credit in Nigeria fell sharply by ₦780bn in February 2026, dropping to ₦3.03tn from ₦3.81tn in January, according to the Central Bank of Nigeria’s (CBN) Economic Report.

Nigeria exported about 148.9 million barrels of crude oil worth ₦20.22 trillion in the first five months of 2026, according to figures from the Central Bank of Nigeria (CBN).

The Nigeria Sanctions Committee has welcomed the recent inclusion of Mukthar Muhammad Adamu, Nine to Nine BDC.

Manufacturing Credit Drops by N1.92trn as Funding Gaps Widen   The Manufacturers Association of Nigeria (MAN) has blamed the sharp decline in credit to the manufacturing sector on the Federal Government’s failure to implement the promised N1tn Manufacturing Stabilisation Fund, high lending rates, structural bureaucracy and...