CBN Disallows Foreign Currency as Collateral for Naira Loans The Central Bank of Nigeria (CBN) has directed all banks to stop the use of foreign currency-denominated collaterals for naira loans. Adetona Adedeji, acting director of the banking supervision department at CBN, disclosed this in a statement...

Default On Loans With Collateral Worsened In Q4, 2020 – CBN         The default on loans with collateral worsened in the fourth quarter of 2020, according to the Central Bank of Nigeria. The statistics department of the CBN disclosed this in its fourth quarter ‘Credit condition survey...

Loans Without Collateral To Drop In Q1, CBN Says   The availability of loans without collateral will fall in the first quarter of the year, the Central Bank of Nigeria has said. The statistics department of the apex bank gave this indication in its Credit Conditions Survey...