The Meridian

CBN gives banks six months to curb insider loans

Arise News on the CBN circular giving Nigerian banks 180 days to regularise insider-related credit, the rule now being enforced at an unprecedented level.

Arise News examines the Central Bank of Nigeria’s February 2025 circular requiring banks to regularise insider-related facilities within six months and directors with non-performing insider loans to step down. The CBN said in October 2026 that enforcement has pushed some owners and directors out of the banking system.

Category: Banking and Finance · Regulatory · Nigeria.

Related on Meridian: CBN insider credit rules: why bank owners and directors are leaving.

The Meridian Editorial Team

Andrew U. — Editorial Director | Damilare A. — Intelligence Director | Amaka Nwoye — Senior Legal Research Analyst | Salome Mensah — Market Intelligence Analyst | May Ndlovu — Editorial Researcher | K.K. Lawal — Senior Correspondent | The Meridian’s editorial team brings experience across West African legal markets, commercial law, market intelligence and structured research. Our standard is simple: evidence first, independent judgement, and analysis grounded in how legal work happens in practice.

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