CBN: Banks’ Maximum Lending Rate Falls to 33.16% as Monetary Policy Pause Continues
Nigeria’s average maximum lending rate declined to 33.16 per cent in June 2026, down from 34.78 per cent recorded in ...
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Tag: #CBN
Consumer Credit Drops by N780bn as High Interest Rates Weigh on Household Borrowing
Outstanding consumer credit in Nigeria declined by N780 billion in February 2026 as high borrowing costs continued to discourage households ...
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CBN Data Localisation Rule Set to Boost Nigeria’s Digital Infrastructure Industry
The Central Bank of Nigeria’s (CBN) directive requiring banks, fintech companies and payment service providers to store customer and transaction ...
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CBN Orders Banks to Freeze Accounts Linked to Terrorism Financing Suspects
The Central Bank of Nigeria (CBN) has directed banks and other financial institutions to immediately freeze all accounts, transactions, and ...
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FG Borrowing Jumps 75.6% to N40.38tn as Banks Increase Exposure to Public Debt
Nigeria’s credit exposure to the Federal Government surged by 75.6 per cent year-on-year to N40.38 trillion in May 2026, highlighting ...
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Cash Outside Banks Hits N5.19tn as Nigeria’s Cash Economy Defies Digital Push
Cash held outside Nigeria’s banking system rose to N5.19 trillion in May 2026, despite ongoing efforts by the Central Bank ...
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CBN Warns Against Naira Abuse, Launches Ambassadors Club to Promote Proper Currency Handling
The Central Bank of Nigeria (CBN) has expressed concern over the growing abuse of the naira, warning that the defacing, ...
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CBN’s New Payment Reforms Set to Reshape Nigeria’s Digital Economy
As Nigeria accelerates its transition toward a cashless economy, the Central Bank of Nigeria (CBN) has unveiled a fresh set ...
Read moreExperts Urge CBN to Mandate Annual Financial Reports for Deposit-Taking Fintechs
Finance experts have called on the Central Bank of Nigeria (CBN) to require all deposit-taking fintech companies and microfinance banks ...
Read moreCBN Sells N1.49 Trillion in Treasury Bills as Yields Surge Across All Tenors
The Central Bank of Nigeria (CBN) allotted ₦1.49 trillion at its Treasury bills primary market auction held on Wednesday, June ...
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Business 360 News is a Business and Financial News Platform with an SMEs drive. Published by 360 Network Limited, and created with the aim of disseminating unbiased business stories to readers within and outside Nigeria, providing in-depth analysis of our stories from a critical perspective against the backdrop of realities, actualities, objectivity and balance.