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USD/NGN 1,327.68 ▾0.1%GBP/NGN 1,753.58 ▾0.5%USD/NGN black market ₦1,384GBP/NGN black market ₦1,876EUR/NGN 1,496.30 ▾0.7%JPY/NGN 8.41 ▾0.5%CAD/NGN 932.85 ▾0.2%
Business

Why CBN rate cuts don’t mean more SME lending

For a small business in Nigeria, securing a bank loan has long felt like trying to step through a moving doorway. Commercial banks mobilise deposits, and the Central Bank of Nigeria (CBN) urges them to extend credit,…

Aggregated · originally by TechCabal
28 Sept 2026, 10:00 WAT · 3 min read
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Why CBN rate cuts don’t mean more SME lending

For a small business in Nigeria, securing a bank loan has long felt like trying to step through a moving doorway. Commercial banks mobilise deposits, and the Central Bank of Nigeria (CBN) urges them to extend credit,…

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