CBN

CBN Unveils New FX Rules to Boost Market Confidence

CBN Moves to Restore Confidence in Nigeria’s FX Market

Business /

The Central Bank of Nigeria (CBN) has unveiled a revised Foreign Exchange (FX) Manual aimed at improving transparency, strengthening market discipline, and restoring confidence in Nigeria’s foreign exchange market. The updated framework comes as the country seeks to stabilise economic conditions, attract investment, and address long-standing challenges that have affected the efficiency of foreign exchange […]

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CBN Ends Forbearance as Banks Record Rise in Bad Loans

CBN Ends Forbearance as Banks Face Rise in Bad Loans

Business /

Nigeria’s banking sector is coming under fresh pressure following the Central Bank of Nigeria’s decision to end regulatory forbearance introduced during the COVID-19 period, a move that has led to a noticeable increase in bad loans across the industry. According to the CBN’s January 2026 Economic Report, the banking sector’s non performing loans ratio rose

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