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...
FG Borrowing Rises by N17.4trn - CBN Report
Fresh data released by the Central Bank of Nigeria (CBN) reveals that credit to the Federal Government rose sharply over the 12 months ending in May 2026.
The surge highlights an aggressive public sector appetite for borrowing despite...
Nigerians held ₦5.19 trillion outside the banking system as of May 2026, underscoring the dominance of cash transactions despite years of investment in digital payments and financial inclusion, according to Central Bank of Nigeria (CBN) data.
Credit to Nigeria’s private sector rose to ₦81.04 trillion in May 2026, up slightly from ₦80.59 trillion in April, according to new data from the Central Bank of Nigeria (CBN).
Banks Lost N134bn to Fraudsters - CBN
Banks and their customers lost a combined N134.48bn to fraud between 2020 and 2025 amid a significant expansion in digital payments and financial technology adoption across the country, according to data contained in the Central Bank of Nigeria’s...
