The Central Bank of Nigeria has directed banks to deny certain banking services and additional credit facilities to large borrowers with non-performing loans as part of measures to strengthen credit discipline in the banking sector.
The directive was contained in a letter dated March 12, 2026 and signed by the Director of Banking Supervision, Olubukola Akinwunmi, according to a report by Nairametrics.
Under the directive, borrowers whose loan facilities have been classified as non-performing and recorded in the Credit Risk Management System or any licensed private credit bureau will no longer be eligible to obtain additional credit from banks.
The apex bank said the measure was designed to reduce risks posed by large borrowers whose defaults could threaten financial system stability.