Business Nigerian Banks Ordered To Name And Shame Debtors In Newspapers

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Administrator
The Central Bank of Nigeria (CBN) has ordered deposit money banks (DMBs) to name and shame debtors in at least three newspapers.

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According to a report by Thisday Newspaper, CBN explained that the move is to halt the rising trend of non-performing loans (NPLs) in the industry and also ensure that the industry NPL ratio does not exceed the prudential limit of five per cent.

Click image to read Thisday Newspaper full report
 
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