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: high lending rates Nigeria
Nigeria, 5 African Countries Delisted from EU High-Risk List
The EU has removed Nigeria and five other African nations from its financial high-risk list, following successful AML/CFT reforms and FATF delisting. This move is set to boost trade and investor confidence from January 29.
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.
Nigerian Banks Eye Fresh Lending Growth in 2026
Nigeria's banking sector is set for a lending rebound in 2026 as inflation and FX pressures ease. Economists forecast 10-15% private sector credit growth. Read the full analysis.
Nigeria Luxury Property Market Growth Forecast for 2026
Nigeria's luxury real estate is projected for steady growth in 2026, fueled by diaspora inflows and wealth concentration. Discover key trends in Lagos and Abuja.
FG Places 103 Loan Apps on Watch List, Delists 45
The FCCPC has placed 103 digital loan apps on a regulatory watch list and delisted 45 others. This move aims to protect consumers from data abuse and harassment. Verify app status before borrowing.
Court Denies Revisiting Nnamdi Kanu's Case
Justice James Omotosho will not revisit the life imprisonment sentence of IPOB leader Nnamdi Kanu. Claims of pressure from Israel and the USA are unfounded. Get the verified facts here.
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.
Woman Apologises to Ex-Husband Over Electricity Bills
A Nigerian woman publicly apologised to her former husband after experiencing the stress of paying high electricity bills herself. Her story highlights the importance of empathy in relationships.
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.
Anthony Joshua's Driver in Court for Manslaughter
Kayode Adeniyi, driver for boxer Anthony Joshua, is in court for manslaughter and reckless driving following a fatal crash that killed two. Get the latest details on the case and the controversy surrounding the arrest.
EFCC, Prison Guards Clash in Court Over Ex-Minister Malami
Tension erupted at the Federal High Court Abuja as EFCC and Correctional Service officers nearly exchanged gunfire over custody of former AGF Abubakar Malami. Details of the clash and the N212.8bn properties probe inside.
Joshua's Driver in Court for Manslaughter After Fatal Crash
Kayode Adeniyi, driver for boxer Anthony Joshua, is on trial for manslaughter and reckless driving following a fatal accident in Sagamu. Get the latest details on the case and the controversy surrounding the charges.
Appeal Court Upholds Death Sentence for Hanifa's Killer
The Court of Appeal in Kano has dismissed the appeal by Abdulmalik Tanko, affirming his death sentence for the murder of 5-year-old Hanifa Abubakar. Read the full details and public reactions.
NJC Clarifies Stance on Federal High Court Applicants
The National Judicial Council clarifies its position on 62 Federal High Court judge applicants, denying reports of a failed integrity test. The NBA Anti-Corruption Committee warns unresolved sleaze weakens rule of law.
Court Dismisses Suit to Stop Nigeria's New Tax Laws
A Federal High Court in Abuja has dismissed a legal challenge seeking to halt Nigeria's new tax regime, clearing the way for implementation from January 1, 2026. Read the full ruling details.
Court Dismisses Suit Against New Tax Act, Implementation Begins
An Abuja High Court has dismissed a suit to halt Nigeria's new tax regime, allowing implementation from Jan 1, 2026. Northern groups and Femi Falana allege discrepancies in the laws.
Lagos Island High-Rise Buildings Pose Fire Risk - BCPG
The Building Collapse Prevention Guild raises alarm over systemic fire safety failures in Lagos Island skyscrapers after the Great Nigeria Insurance inferno. Urgent government action demanded.
Actor Ijebu Spent N1.8 Trillion on Data in 2025
Yoruba actor Ijebu shocks fans by revealing he spent an estimated N1.8 trillion on internet data in 2025. The comic actor said the cost kept him awake at night. Read full story.
Court Halts 2026 Tax Reforms, NANS Issues Protest Ultimatum
A legal challenge has halted Nigeria's new tax regime set for Jan 1, 2026. NANS issues a 14-day protest ultimatum amid allegations of post-passage alterations to the laws. Read the full story.
CJN Must End Nepotism in Judicial Appointments
An explosive analysis reveals systemic abuse, nepotism, and opaque processes in Nigeria's judicial appointments. The CJN is urged to publish candidate scores and restore integrity to the Federal High Court hiring round of 2026.
34 Lawyers Fail Integrity Test for Federal High Court
The National Judicial Council has disqualified 34 lawyers from becoming Federal High Court judges after they failed a new integrity test. Only 28 nominees will proceed to interviews.
34 Lawyers Fail Integrity Test for Federal High Court Bench
34 nominees for Federal High Court judgeships have been disqualified after failing a new integrity test. Only 28 candidates will proceed to the NJC interview panel. Read the full details.
Poultry Farmers Face Low Patronage Despite Price Cuts
Nigerian poultry farmers are in distress as low purchasing power leads to unsold chickens during the festive season, despite significant price reductions. Discover the economic factors behind this market paradox.
Honeyland Wins Season 9 I Beg to Differ Lagos Regionals
Honeyland Schools clinched victory in the Nigeria Info FM debate tournament finals. The team won N5 million and qualified for the 2026 national championship. Read the full story.
Chappal Energies gets $430m financing for oil assets
Chappal Energies secures a $430 million reserve-based lending package to refinance its acquisition of Equinor's Nigerian assets and fund development. This deal highlights investor confidence in well-structured African upstream projects despite tight capit
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.
Why Nigeria's High-Quality Cassava Flour Market Remains Nascent
Despite policy support, Nigeria's High-Quality Cassava Flour market faces hurdles in quality, price & supply. A new report reveals a $35m market with potential to hit $1.18bn by 2030 if challenges are solved.
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