CBN urges banks to turn N4.65tn capital into productive loans

🇳🇬 Punch Nigeria (NG) —
CBN urges banks to turn N4.65tn capital into productive loans

AI Summary

Nigeria’s Central Bank has urged commercial banks to channel N4.65 trillion raised through recapitalisation into productive lending. The regulator says loans to businesses can support economic growth.

The CBN has urged banks to convert the N4.65tn raised from the recapitalisation programme into productive loans to support businesses and economic growth. Read More: https://punchng.com/cbn-urges-banks-to-turn-n4-65tn-capital-into-productive-loans/

World Markets Nigeria Central Bank of Nigeria bank recapitalisation productive lending business finance economic growth

Read original source →