.cenbank Advised To Stop Forcing Banks To Give Out Loans | Sahara Reporters The indigenous rating firm said a further slowdown in economic activities or a total lockdown would be crippling for the banking industry. READ MORE:
The Central Bank of Nigeria has been advised to stop coercing deposit money banks to keep giving out loans.
While stating that it expects the Nigerian economy to shrink by six per cent in a worst case scenario, the entity said, “A further slowdown in economic activities and a total lockdown may worsen an already bad situation.” “Agusto & Co. believes that the volume of stage two loans is a threat to the Industry’s asset quality and future profitability. Stage two loans primarily comprise exposures with an increase in the associated credit risk compared to when the loan was disbursed.
The firm also predicts that the decaying loans could threaten the capital base of the banking industry.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FG spent N292.38bn on pension, gratuities in 2019 – CBN|p style=
Read more »
Banks’ non-performing loans now N1.2tn – CBN|p style=
Read more »
Crisis escalates over FG’s handover of National Theatre to CBN as investors make demands - Daily Post NigeriaAn investor, Calzada Limited, has petitioned the Central Bank of Nigeria, CBN, demanding full compliance with concession bid for the National Theatre
Read more »
Banks’ non-performing loans now N1.2tn – CBN|p style=
Read more »
Stop Southern Kaduna Killings Now, Afenifere, PANDEF, Ohanaeze Tell Buhari | Sahara ReportersInstead of the Buhari-led Federal Government of Nigeria stepping in to find a lasting solution amid tardiness by the state government, it is unfortunate that it has resorted to provocative statements.
Read more »