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Nigerian lenders are pulling back from the central bank’s safety net. Banks and merchant banks slashed their deposits with the Central Bank of Nigeria (CBN) by 28 per cent in April 2026. This retreat follows a decision by the Monetary Policy Committee to cut the headline interest rate to 26.5 per cent. Total deposits dropped…
The Central Bank of Nigeria (CBN) has ordered all commercial banks to undergo rigorous stress tests starting April 1, 2026. This directive arrives as the industry enters the final stretch of its recapitalisation journey, with a March 31 deadline for meeting new capital floors. The apex bank intends to measure how lenders would survive “extreme…
