To ensure the banking sector remains stable and borrowers stay disciplined, the Central Bank of Nigeria (CBN) has ordered financial institutions to limit services for major loan defaulters who have failed to repay significant loans.
This new policy was communicated through a formal letter issued on March 12, 2026. Signed by Olubukola Akinwunmi, the Director of Banking Supervision, the directive aims to protect the integrity of the national financial system by penalizing high-value defaulters.
In a push to establish the United States as the undisputed global hub for Web3 and digital assets, U.S. President Donald Trump has called on the Senate to...
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Billionaire Investor and Group Chairman of First HoldCo Plc, Femi Otedola, has further consolidated his controlling position in the financial services group following a major insider transaction valued...
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Securing affordable capital remains one of the biggest hurdles for young business owners and innovators in Nigeria. Commercial bank interest rates often climb above 25%–30%, making traditional loans...
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High interest rates, strict collateral demands, and tough bank conditions have long made borrowing money difficult for small business owners in Nigeria. To ease this financial burden, the...
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The Federal Executive Council (FEC) in Nigeria has approved a comprehensive restructuring of the National Youth Service Corps (NYSC), marking the first major overhaul of the scheme in...
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