Regulatory Forbearance
3 mins read
CBN Demands Capital Restoration Plans from Banks Amid Forbearance Risk
The Central Bank of Nigeria (CBN) has issued a directive mandating affected banks to submit comprehensive Capital Restoration Plans. This forms part of the apex bank’s strategy to phase out regulatory forbearance, ensure macro-financial stability, and promote sound banking practices. The directive, outlined in a circular dated July 8, 2025, and signed by Olubukola Akinwunmi, […]
3 mins read
CBN Suspends Dividends, Foreign Investments for Underperforming Banks
A step to fortify Nigeria’s banking system and promote financial stability, the Central Bank of Nigeria (CBN) has issued a directive halting dividend payments, director bonuses, and new offshore investments by banks under regulatory forbearance. The move, which primarily affects lenders such as First Bank, is part of broader efforts to rebuild capital buffers in […]