CBN Orders Banks to Deny Loan Defaulters Access to New Credit

CBN orders banks to deny loan defaulters access to new credit

The Central Bank of Nigeria (CBN) has instructed commercial banks to block loan defaulters, particularly large-ticket borrowers, from accessing new credit facilities within the banking system.

CBN bars big borrowers with non-performing loans from accessing additional credit from banks

The directive takes effect immediately, according to a letter by the regulator to all banks, issued on Thursday. The post CBN bars big borrowers with non-performing loans from accessing additional credit from banks appeared first on Premium Times Nigeria.

CBN Restricts Banking Services for Large Loan Defaulters - Media Talk Africa

The Central Bank of Nigeria (CBN) has instructed all commercial banks to restrict a range of services to borrowers with large, non-performing loans, a move

CBN Orders Banks to Restrict Credit for Large Borrowers with Non-Performing Loans

The Central Bank of Nigeria (CBN) has taken a firm step to tighten credit discipline in the country’s banking sector by instructing banks to restrict access

CBN Restricts Banking Services of Loan Defaulters

The Central Bank of Nigeria (CBN) has directed commercial banks to deny fresh credit and key banking services to large borrowers with outstanding non-performing loans, in a move aimed at strengthening discipline in the banking sector and safeguarding financial stability. The directive, communicated to banks in a circular dated March 12, 2026, was signed by […] The post CBN Restricts Banking Services of Loan Defaulters appeared first on Trending …

CBN moves against loan defaulters, tightens rules on lending

By Elijah OluSsegun The Central Bank of Nigeria ( CBN) has released fresh directives to all financial institutions in Africa’s fourth largest economy to curb loan defaulters. The Apex Bank in a circular said all borrowers classified as large-ticket can no longer access loans and certain services from the Nigerian banking industry without due process. The CBN Director of Banking Supervision Olubukola Akinwunmi issued a circular to this effect Mar…