Nigerian banks accumulated more liquidity in Q1 2026, but lending to businesses saw a major decline despite the CBN’s decision to lower interest rates earlier this year.
Nigerian banks regained eligibility to participate in the GSM-102 in late 2025.
The deadline brings to a close a two-year recapitalisation process that has reshaped the banking industry.
In March 2024, CBN announced a major bank recapitalisation programme requiring Nigerian banks to raise higher capital bases within 24 months.
A public notice signed by the FIRS chairman, Zacch Adedeji, said the decision was part of the ongoing efforts to boost efficiency and transparency in tax collection.
CBN reaffirms commitment to Nigeria’s financial system stability
Nigerian banks and internet providers are experiencing disruption in their services as Yemen’s Houthi rebels continue their attacks on the Red Sea.
“Airlines should not be unfairly penalised by the lower exchange rate.’’
The loan facility is to finance educational projects, agriculture, quality healthcare delivery, energy, transportation, and other critical infrastructure.
According to the statement, the governor was upset by the long queues at ATMs amid acute scarcity and hopelessness in Zamfara.
