The level of credit to businesses and individuals in the first quarter of 2017 declined, as banks strengthened their rules in the midst of rising Non-Performing Loans (NPLs) and recession, despite availability of the funds. While fallen revenue earnings had hit the economy since 2014,...

The broad effects of low oil prices and production disruptions, which have resulted in a significant reduction of foreign exchange earnings, have raised concerns about some banks’ ability to honour their Eurobond obligations upon maturity. Some of the offshore funds that were raised by the...

...Limits access to discount window, pegs dollar sales to BDCs at $30,000 weekly ...Extends deadline for BVN registration for diaspora customers In view of the current macro-economic challenges in the country, the Central Bank of Nigeria (CBN) has granted a one-off forbearance to banks this year...