CBN To Clamp Down On Bad Debtors To OFIs The Central Bank of Nigeria has said it will extend its Credit Risk Management System to the other financial institutions in the country to protect them from bad debtors. It said this became imperative after it...

CBN Restructures Loans, Grants Another 12-month Extension       The Central Bank of Nigeria has given another 12-month extension on the discounted interest rate for its intervention facilities. It said that the role-over of the moratorium on the facilities would be considered on a case by case basis It...

CBN Sets Standard For Banks On Compliance Officers         The Central Bank of Nigeria has given a directive to merchant banks and regional banks to appoint chief compliance officers on a grade not below an assistant general manager. It said this in an administrative letter to all...

CBN To Restore Fees On National Collateral Registry       The Central Bank of Nigeria has said it will restore fees on the National Collateral Registry platform with effect from November 1. It said this in a circular signed by the Director, Financial Policy and Regulation Department, Kelvin...

CBN Okays N50bn Revival Fund For Textile Industry     The Central Bank of Nigeria (CBN) has announced N50 billion special mechanism funds to revive the ailing textiles industry. The funds to be administered by the Bank of industry (BoI) at 4.5 per cent interest rate will use...