Economic Slump

Nigerian Banks have strong buffers to weather crisis – CBN

Nigeria’s banks are facing economic challenges but have strong capital buffers to weather the crisis, a Central Bank of Nigeria official said on Wednesday following a meeting with lenders. The…

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CBN to allow banks to write-off some bad loans

Central Bank of Nigeria this year is to allow banks to write off bad loans for which they have already made provisions to help them to clean up their balance…

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