Vulnerable Borrowers Received 37.72% Of Bank Loans – CBN       Vulnerable borrowers benefitting from the Central Bank of Nigeria’s COVID-19 forbearance hold about 37.72 per cent of the entire banking industry loan portfolio as of April. A member of the Monetary Policy Committee, Robert Asogwa, said this...

Banks Should Obtain Borrowers’ Records From Credit Bureaus – CBN         The Central Bank of Nigeria has instructed lending institutions to obtain reports of borrowers from credit bureaus as part of their due diligence in granting loans. It also said the operations of private credit bureaux would...

One Million Borrowers Got Loans Below 20% Interest Rate - CBN Deputy Gov         The Deputy Governor, Financial Systems Stability Director, Central Bank of Nigeria, Mrs Aisha Ahmad, has said that over one million customers who borrowed money from the Deposit Money Banks got the loans...