Nigeriaвђ™s Central Bank Doubles Down On Plans To... -

As of April 2026, the CBN has finalized several sweeping reforms and strict new directives aimed at stabilizing the economy and protecting the integrity of the banking sector:

: Under a bold proposal issued in mid-April 2026, creditors and borrowers in collateral-backed loan disputes must first submit to a Mediation and Dispute Resolution Panel before approaching the courts to reduce legal congestion. Nigeria’s Central Bank Doubles Down on Plans to...

: Transactions on newly activated devices are capped at ₦20,000 for the first 24 hours. As of April 2026, the CBN has finalized

: Effective May 1, 2026, all diaspora remittances to Nigeria must be paid exclusively in naira to boost official market liquidity. As of April 2026

The Central Bank Of Nigeria's 2026 Policy On Loan Defaulters - Mondaq