The Centre for the Promotion of Private Enterprise (CPPE) has sought the Central Bank of Nigeria’s (CBN) vigilance over the banking sector,
The Centre for the Promotion of Private Enterprise has sought the Central Bank of Nigeria’s vigilance over the banking sector, emphasising the importance of guarding against predatory and anti-competitive behavioursThe Centre for the Promotion of Private Enterprise has sought the Central Bank of Nigeria’s vigilance over the banking sector, emphasising the importance of guarding against predatory and anti-competitive behaviours amidst the new recapitalisation policy.
The CPPE boss reassured that with the approach and timeline set by the CBN, the risk associated with bank failures or forced mergers and acquisitions would be substantially low. Yusuf underscored the imperative of recapitalisation due to inflation’s impact on currency value over time, aiming to safeguard depositor funds, enhance financial system stability, improve the resilience of the banking sector, and better position banks to support economic growth.
Local manufacturers have voiced their concerns over the persistent economic challenges, including rampant inflation, dying consumer demand, disruptions in supply chains, foreign exchange illiquidity, limited access to credit...
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