Banks Charge 60% on Loans, Pay 2.7% on Savings
CBN data reveals a massive gap between bank lending and deposit rates. Borrowers in key sectors face crippling costs while savers earn minimal returns. Discover the full breakdown.
Category : Search result: Nigerian banks loan rates
Bad Loans Rise in Nigerian Banks Despite Increased Lending
Nigerian banks face rising loan defaults from households and businesses, pushing NPL ratio to 7%. The CBN warns of risks but assures system stability. Read the full analysis.
20 Nigerian Banks Meet CBN's New Capital Rules
The Central Bank of Nigeria confirms 20 commercial banks have successfully met the new recapitalisation requirements. Discover the full list and what it means for Nigeria's trillion-dollar economy goal.
Ondo Governor Backs NELFUND Loan Scheme for Students
Ondo State Governor Lucky Aiyedatiwa pledges to mobilise students for the NELFUND interest-free loan, calling it a historic intervention for Nigerian youth education.
Aiyedatiwa: NELFUND Loan Scheme is Historic for Students
Ondo State Governor Lucky Aiyedatiwa pledges to mobilise students for the NELFUND interest-free loan, calling it a historic intervention to end poverty barriers to university education.
CBN Releases 2026 Savings Interest Rates for Nigerian Banks
The Central Bank of Nigeria has published the latest savings account interest rates. Discover which banks offer the highest returns and how the market averages 8% in 2026.
FG: Minor Tax Law Changes Won't Affect Core Provisions
The Federal Government has reassured Nigerians that recent alterations to newly passed tax laws will have minimal impact. Presidential Tax Reform Committee Chairman Taiwo Oyedele confirms key aspects like tax rates and filing deadlines remain unchanged. G
CBN Releases 2026 Bank Lending Rates for Transparency
The Central Bank of Nigeria has published the latest prime and maximum lending rates for Access Bank, UBA, GTB, Zenith, and others as of January 9, 2026, to guide borrowers. See the full list.
NELFUND disburses ₦927m upkeep allowances to 11,685 students
NELFUND begins payment of ₦927 million in unpaid upkeep allowances to 11,685 students for the 2024/2025 session. MD Akintunde Sawyerr announces expansion of loan scheme outreach. Read more.
FG Releases 2026 Approved Loan Apps List
Discover the top 10 loan apps in Nigeria for 2026 as the FCCPC releases its approved list of 457 digital lenders. Compare interest rates, loan amounts, and key borrowing tips.
Banks Face Pressure as CBN Closes Easy-Money Window
Nigeria's banking sector braces for tough days as the CBN's termination of pandemic-era loan relief exposes hidden losses, pushing NPLs above the regulatory limit. Discover the sectors most at risk.
Full List: FG Approves Over 400 Loan Apps for 2026
The FCCPC has published its 2026 register of approved digital lenders. See the full list of over 400 compliant apps and protect yourself from illegal operators.
Govt Blacklists 45 Illegal Loan Apps in 2026 Crackdown
The FCCPC has blacklisted 45 illegal digital lending apps in Nigeria for predatory practices. Learn the full list and how to stay safe from harassment and data theft.
103 Loan Apps Face Ban as FCCPC Deadline Expires
Over 521 digital lenders now regulated by FCCPC as new rules take effect. 103 unregistered apps face enforcement. Discover the key provisions and sanctions.
Nigerians Use 'Loan Refund' Narration to Avoid New Tax Charges
A Nigerian lady's viral TikTok video reveals how vendors are asking customers to use 'loan refund' in bank transfer descriptions to evade new 2026 tax laws, sparking a major online debate.
Court Orders NNPCL to Explain $3bn Afreximbank Loan
A Federal High Court in Abuja has mandated the NNPCL to provide full details of its $3 billion Afreximbank loan to HEDA Resource Centre. This landmark ruling champions transparency in Nigeria's oil sector. Read the full story.
Apply Now: FG Opens 2026 GEEP Loan Portal for ₦300k
The Federal Government has launched the GEEP loan portal for 2026, offering Nigerians interest-free loans up to ₦300,000 to boost small businesses. Apply now at geep.nsipa.gov.ng.
Chukwueze Opens Up on AC Milan Exit, Thriving at Fulham
Super Eagles star Samuel Chukwueze reveals he lacked opportunities at AC Milan. Now on loan at Fulham, he's shining with 2 goals and 4 assists. Read his full story.
Endrick Joins Lyon on Loan from Real Madrid
Brazilian starlet Endrick moves to Lyon on loan from Real Madrid. The 19-year-old aims to secure playing time ahead of the 2026 World Cup. Full details on the transfer.
US Q3 GDP Grows 3.2%, AI Investment Fuels Momentum
The US economy posted solid 3.2% growth in Q3 2025, driven by AI investment. The delayed data shows resilience despite labour market concerns and Fed rate cuts. Read more.
Supreme Court rules for Fidelity Bank in N30bn debt suit
Nigeria's Supreme Court has delivered a final judgment in a two-decade debt dispute, ruling in favour of Fidelity Bank. The court set key terms for the N30 billion repayment. Read the full details.
CBN Projects Naira Stability, Lower Borrowing Costs for 2026
The Central Bank of Nigeria's latest survey reveals businesses expect naira stability and lower borrowing rates into 2026, despite ongoing challenges like insecurity and high taxes. Read the full report.
FG Opens N5m Loan Scheme for Youths: Apply Now
The Federal Government invites employed Nigerian youths (18-39) to apply for loans up to N5 million via CREDICORP's YouthCred scheme. Learn details and public reactions.
Putin's Year-End Remarks: Demands Respect, Lists Gains
Russian President Vladimir Putin, in his marathon press conference, demanded 'respect' from the West and listed battlefield gains. This follows a new $105bn EU loan to Ukraine. Read the full analysis.
Nigerian Youths Can Borrow Up to N5 Million via FG's YouthCred
The Federal Government has opened a portal for Nigerian youths aged 18-39 to access loans up to N5 million under the new YouthCred scheme. Apply now for flexible, low-interest credit to boost your business or career.
Fed's Williams Sees No Urgency for Further Rate Cuts
New York Fed President John Williams says recent US inflation data was distorted by a government shutdown and Black Friday sales, advising patience on further interest rate cuts. Get the full analysis.
Japan Hikes Interest Rates to Highest Level Since 1995
The Bank of Japan has increased interest rates to a three-decade high of 0.75% to combat persistent inflation, partly driven by soaring rice prices. Get the full details on this major economic shift.
Asian Markets Rise on US Inflation Ease, BoJ in Focus
Asian markets closed higher as softer US inflation data fueled rate cut hopes. Micron's strong earnings eased tech bubble fears. The Bank of Japan's rate decision is key.
ECB holds rates steady at 2% as inflation cools
The European Central Bank keeps its key deposit rate at 2% for the fourth consecutive meeting. Analysts scrutinise Lagarde's comments for clues on future monetary policy amid uncertain inflation outlook. Read more.
Cross River Enforces Vehicle Colours from Jan 31
Cross River State mandates all commercial vehicles to adopt state-approved colours and security numbers by January 31, 2026. Non-compliance will attract sanctions. The move aims to boost safety and uniformity.
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