Why Nigerian Banks Are Tightening SME Working Capital Lines

Why Nigerian Banks Are Tightening SME Working Capital Lines

The Central Bank of Nigeria and national banking surveillance authorities have issued stricter compliance directives for managing distressed corporate credit and commercial exposure. Commercial banks must enforce aggressive impairment recognition, raise provisioning buffers on classified loans, and monitor higher capital adequacy thresholds. In boardroom briefings, this supervisory firmness is a prudent exercise in balance-sheet sanity,…

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Naira Strengthens to N1345 at Official Window

Naira Weakens To N1,334 at Official Window

Nigeria’s naira slipped to N1,334 against the American dollar at the official foreign exchange market in mid-October 2026, recording marginal daily depreciation as commercial lenders absorbed steady corporate demand for import bills in Lagos. The Central Bank of Nigeria reported that the local currency weakened past N1,333 per dollar during midweek spot transactions, closing at…

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CBN, NITDA Insist on 2027 Payment Data Deadline

CBN Retains 26.5% Benchmark Rate over Middle East Tensions

The Central Bank of Nigeria has kept its benchmark interest rate unchanged at 26.5 per cent following its latest Monetary Policy Committee meeting in Abuja. Central Bank Governor Olayemi Cardoso announced the unanimous hold decision on Tuesday after evaluating lingering domestic risks and global geopolitical market shocks. The apex bank prioritised exchange rate stability and…

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Energy Costs, Vanishing Jobs Crush Working Poor

Analysts Forecast 16% Year-End Inflation Rate

Domestic financial analysts have adjusted their economic models to project that Nigeria’s inflation rate will close the year 2026 at 16 percent. Investment banking firms and research houses simultaneously withdrew their earlier predictions for an imminent interest rate cut by monetary authorities. This collective analytical shift highlights the persistent nature of underlying inflationary pressures across…

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