BANKS LOANED 12TRILLION FROM CBN IN 6MONTHS

Central Bank of Nigeria (CBN) Liquidity problems with Nigerian banks have persisted as the last six months have not been easy. The trend of tushing to CBN for cash continues. The nation’s Deposit Money Banks have made frequent visits to the facilities’ window of the Central Bank of Nigeria (CBN) in the last six months, resulting to N12.09 trillion borrowings. Meanwhile, CBN Governor, Godwin Emefiele, would kick off his second term in office tomorrow, having earlier been confimrmed by the National Assembly. He is now expected to roll out new…

Read More

BANKS TO CREATE BLACK BOOK FOR CHRONIC DEBTORS, BLACKLIST AND SHARE THEIR NAMES AMONG FINANCIAL INSTITUTIONS

To create ‘Black Book,’ share details among financial institutions Obinna Chima Tough times await chronic bank debtors as chief executive officers of financial institutions have resolved to create and maintain what they term a ‘Black Book’ for the compilation of details of loan defaulters that will be shared among all their organisations. They also agreed to blacklist such high-profile debtors. The Body of Banks’ CEOs, as the group is known, announced this decision in a communique titled: “Review of Harassment and Criminalisation of Banks’ CEOs by Law Enforcement Agencies Based…

Read More