Banking & Finance

banksCBN

Banks’ bad loans surge after CBN’s forbearance withdrawal

Nigeria’s banking sector recorded a rise in bad loans in 2025 after the Central Bank of Nigeria (CBN) withdrew the regulatory forbearance granted to lenders during the COVID-19 pandemic, according…

Banks begin 10% withholding tax on foreign currency deposits from today

Banks to charge N50 stamp duty on transfers above N10k from 1 January

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banksFG

FG increases bank reporting threshold to N25m for individuals, N100m for firms

Olayemi CardosoReps

Reps threaten arrest of Cardoso over N5.2t unremitted funds

Bank of AgricultureMuhammad Babangida

Tinubu appoints Babangida’s son, Muhammad, Bank of Agriculture Chairman

DollarNaira

Naira falls to 1,562/$ in parallel market

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