CBN grants banks’ approval to debit loan defaulters – Daily Trust

ICYMI: CBN grants banks’ approval to debit loan defaulters DailyTrust, Nigeria

The Central Bank of Nigeria has given approval to the banks to debit any defaulting debtor across all the banks where the debtor has funds.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Daily Trust /  🏆 13. in NG

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.

CBN raises banks’ deposits ratio to 65%, directs lending to SMEs – Daily TrustThe Central Bank of Nigeria (CBN) has again raised the Loan to Deposit Ratio (LDR) of banks from 60 to 65 percent to raise real sector lending. Recall the CBN had increased the LDR to 60 percent and given September 30th for banks to comply. In the new directive, the apex bank is giving December …
Read more »

12 banks to pay N499b CBN fine for loan policy breachFor breaching its guidelines on lending to the real sector of the economy, the Central Bank of Nigeria (CBN) has fined 12 major banks N499.1billion.
Read more »

12 banks to pay N499b CBN fine for loan policy breachFor breaching its guidelines on lending to the real sector of the economy, the Central Bank of Nigeria (CBN) has fined 12 major banks N499.1billion.
Read more »

CBN raises banks’ deposits ratio to 65%, directs lending to SMEs – Daily TrustThe Central Bank of Nigeria (CBN) has again raised the Loan to Deposit Ratio (LDR) of banks from 60 to 65 percent to raise real sector lending. Recall the CBN had increased the LDR to 60 percent and given September 30th for banks to comply. In the new directive, the apex bank is giving December …
Read more »

Qur’an Desecration: Zamfara gov calls for 3-day fasting – Daily TrustGovernor Bello Matawalle of Zamfara State has urged Muslims to undertake three days of fasting and prayers to seek Allah’s punishment on those behind the desecration of the Holy Qur’an in the state. Matawalle made the call in Gusau yesterday through his Director-General Media and Publicity, Yusuf Idris.ADVERTISEMENT There had been reports of the desecration …
Read more »

China celebrates national day in Nigeria – Daily TrustThe celebration of China’s 70th anniversary held on September 25th and 26th at the Chinese Embassy in Abuja. The founding of the People’s Republic of China was formally proclaimed by Mao Zedong, the Chairman of the Communist Party of China, on October 1, 1949, at 3 pm in Tiananmen Square in Beijing. So, Nigeria and …
Read more »