Latest stories tagged “Central Bank of Nigeria”
Nigeria's non-performing loans (NPLs) ratio increased to 9.85% in February 2026, nearly double the acceptable threshold of 5%. This rise followed the Central Bank of Nigeria's (CBN) withdrawal of regulatory forbearance, which led lenders to reclassify previously deferred exposures. The information was detailed in the CBN's February 2026 Economic Report released on Wednesday.
On June 24, 2026, the Nigerian naira experienced its highest depreciation against the dollar in two weeks, according to data from the Central Bank of Nigeria. The official exchange rate reached N1,380.08 per dollar, marking a continued bearish trend for the currency in the foreign exchange market.
The Central Bank of Nigeria (CBN) has intensified its liquidity sterilisation efforts, absorbing around N4.74 trillion from investors through three Open Market Operations (OMO) auctions held on June 22 and June 23, 2026. This move is part of the CBN's strategy to manage liquidity in the financial system during the final week of June 2026, according to Nairametrics.
Jaiz Bank faced regulatory penalties totaling N530.9 million in 2025, imposed by the Central Bank of Nigeria (CBN) and the Nigerian Exchange Group (NGX). These sanctions were due to various breaches, including violations of anti-money laundering regulations and customer due diligence requirements, as well as filing infractions.
Jaiz Bank faced regulatory penalties totaling N530.9 million in 2025, imposed by the Central Bank of Nigeria (CBN) and the Nigerian Exchange Group (NGX). These sanctions were due to various breaches, including violations of anti-money laundering regulations and customer due diligence requirements, as well as filing infractions.