Loan Defaults Will Be Settled With Deposits From Other Banks - CBN
The Central Bank of Nigeria (CBN) and commercial banks in the country
have agreed that loan defaults will be settled using deposits made in
other banks.
Addressing journalists after the Bankers Committee meeting on Monday, Aishah Ahmad, CBN’s deputy governor, financial services system, said the directive is to encourage banks to increase lending.
More to follow…
Addressing journalists after the Bankers Committee meeting on Monday, Aishah Ahmad, CBN’s deputy governor, financial services system, said the directive is to encourage banks to increase lending.
More to follow…
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