CBN Survey: Banks Increase Loans, Default Rates Drop in Q2 2026
Nigerian banks expanded credit in Q2 2026 across all categories while loan defaults fell, according to the CBN's Credit Conditions Survey.
Category : Economy
Man City reject Barcelona's £38.5m bid for Rodri
Manchester City have rejected Barcelona's opening £38.5m bid for Rodri, but are open to selling the midfielder for more than £60m as he enters the final year of his contract.
Consumer Goods Giants Spend N75 of Every N100 Earned
Nigerian consumer goods giants now spend N75 of every N100 earned on costs, squeezing profits as inflation and FX pressures mount, according to Nairametrics.
Nigerian Firms See Naira Appreciating by January 2027
Nigerian businesses expect the naira to appreciate against the dollar by January 2027, per CBN's July 2026 survey, with confidence at 5.7 points.
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N150k-N250k Earners Feel Inflation Most - CBN
Nigerians earning N150,000-N250,000 monthly feel inflation most, says CBN. The report reveals price pressures and spending shifts.
Nigerians defer major purchases as living costs squeeze
Nigerians are postponing big-ticket purchases like cars and homes due to high living costs and borrowing rates, according to the latest CBN Household Expectations Survey.
Naira Falls to N1,364.88/$ Despite FX Turnover Surge
The naira depreciated 0.17% to N1,364.88/$ at NAFEM on August 6, 2026, despite a 31% jump in FX turnover to $98.804 million.
Delta, Bayelsa, Akwa Ibom Take 75% of N321.9bn Oil Derivation
Delta, Bayelsa, and Akwa Ibom received 75% of Nigeria's N321.90bn oil derivation funds in Q1 2026, with Delta leading at N101.60bn.
Six Depots Cut Petrol Prices to Rival Dangote Refinery
Six private depots slash petrol prices, closing gap with Dangote's N1,165/litre, sparking competition and potential relief for motorists.
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Naira Holds at N1367/$ as CBN Intervenes
The naira remained stable at N1367/$ in the official market on Friday, as the CBN's sustained dollar injections and policy measures continue to curb volatility, according to FMDQ data.
CBN Releases 10 Conditions for Owning a Microfinance Bank
CBN outlines 10 requirements for establishing a microfinance bank in Nigeria, including minimum capital from N20m to N2bn, source of funds, and licensing fees.
CBN Survey: Multiple Taxation Still Cripples Businesses
Despite FG reforms, multiple taxation persists as top obstacle for Nigerian businesses, says CBN survey.
CBN DMO cancel Aug 5 TB auction after N4.69trn OMO sales
CBN and DMO cancelled the August 5 Treasury Bills auction after N4.69 trillion OMO auctions, citing liquidity management.
Ghana Inflation Slows to 4.6% in July, First Drop Since March
Ghana's inflation eased to 4.6% in July 2026, down from 5.1% in June, marking the first decline in four months, according to the Ghana Statistical Service.
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Oyedele: Poverty Rise Expected, Reforms Working
Finance Minister Taiwo Oyedele defends Nigeria's economic reforms, attributing rising poverty to necessary fiscal reset, not failure. He cites 10% per capita income growth in 2025 as evidence.
NMDPRA Proposes Ban on Fuel Price Fixing in New Regs
NMDPRA proposes new regulations banning anti-competitive practices like price fixing in Nigeria's midstream and downstream petroleum sector, aiming to foster fair competition.
CBN Loan Demand Rises, Bank Defaults Fall in Q2 2026
Nigerian banks saw loan demand surge while defaults dropped in Q2 2026, according to CBN data. The central bank's report shows improved credit conditions and asset quality.
Delta, Bayelsa, Akwa Ibom Get 75% of N321.9bn Derivation
Delta, Bayelsa, and Akwa Ibom received 75% of N321.9bn Q1 2026 derivation funds, according to NEITI data. The three oil-rich states dominate allocations.
Agric PMI 24-Month Growth, Private Sector Expands
Nigeria's agriculture PMI rose for the 24th consecutive month in July, signaling sustained expansion as private sector activity also grew, according to Stanbic IBTC.
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Nigeria's New Crypto Tax Rules: Key Facts for Users
The Nigeria Revenue Service issued comprehensive crypto tax guidelines on August 3, 2026, covering registration, reporting, and compliance for digital asset users, including penalties for non-compliance.
Tinubu: Reforms Drove NGX Firms' H1 2026 Profit Surge
President Tinubu says economic reforms fueled a profit surge for NGX-listed firms in H1 2026, citing policy impacts on corporate earnings.
Richest Towns in Anambra State 2026: Top 15 List
Discover the top 15 richest towns in Anambra State as of 2026, including Nnewi, Onitsha, and Awka, with key economic drivers and insights.
Lilypond Customs Export Value Falls 14.4% to $792.6m in Q2
Lilypond Customs Command's export value fell 14.4% to $792.6m in Q2 2026, from $925.8m in Q1, according to official data.
UK Bars One Foreigner Category from British National Status
The UK government confirmed that British national (overseas) status is only for Hong Kong residents who registered before July 1, 1997; others cannot apply.
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Lagos nightlife economy hits ₦2.9 trillion in 2025
Lagos nightlife generated ₦2.9 trillion in 2025, nearly doubling from ₦1.49 trillion in 2024, as Detty December spending soared.
Nigeria Business Activity Hits Five-Month High in July
Nigeria's business activity rose to a five-month high in July, driven by private sector growth, according to the NESG.
Naira FX Gap Below 2%, Reserves Top $52.5bn
CBN reports naira FX gap fell below 2% while external reserves surpassed $52.5bn, signaling improved liquidity and market confidence.
Ecobank Nigeria New Mobile Banking Security Rules
Ecobank Nigeria caps new-device mobile transactions at N20,000 for 24 hours, aligning with CBN guidelines to curb fraud, then limits rise up to N10 million.
Dangote Refinery Plans $5B IPO, Africa's Largest Listing
Dangote Refinery to raise $5B via IPO by October, expanding capacity to 1.4M bpd, pending SEC approval, targeting Africa's largest listing.
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NorthQuest Data: 50,000 Nigerians Reveal Wealth-Building Insights
A new report by NorthQuest analyzes 50,000 Nigerians' wealth-building habits, revealing key trends in savings, investments, and financial challenges.
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