Regulatory Alerts2026-04-23 | FDR/DIR/PUB/CIR/001/015Exposure Draft of the Guide to Charges by Banks and Other Financial Institutions in Nigeria, 2026 (The Guide)
The Central Bank of Nigeria has issued an exposure draft of the 2026 Guide to Charges by Banks and Other Financial Institutions, which standardizes fee structures to enhance transparency and promote financial inclusion. The updated guidelines require all interest and lending rates to be communicated on an Annual Percentage Rate (APR) basis and mandate that financial institutions provide specific disclosures in all credit offer letters. Institutions must submit comments on this draft to the CBN by May 08, 2026, with the final regulations scheduled to take effect on May 01, 2026.
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