JUST-IN: CBN Orders Nigerian Banks To Cut Insider Loans Within 6 Months

Nigeria’s banking regulator has issued a sweeping directive mandating commercial banks to comply with stricter insider lending limits or risk regulatory sanctions. In a letter to banks, the Central Bank of Nigeria (CBN) set a 180-day deadline for financial institutions to regularize all insider-related credit facilities that exceed the statutory limits prescribed under the Banking…

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BREAKING: Tinubu Replaces Suspended NSIPA CEO, Makes 6 Other Appointments (Full List)

President Bola Tinubu has approved the appointment of seven persons to head strategic agencies and programmes under the Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development. This was contained in a statement issued by the Special Adviser to the President on Media and Publicity, Ajuri Ngelale on Tuesday evening. The statement was titled,…

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