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Vanguard News Banking industry report shows mixed development On • Capital adequacy declines, bad loans increases • CBN chiefs say all is well with slight warnings By Emeka Anaeto, Business Editor   The Central Bank of Nigeria, CBN, staff report has indicated that the banking industry ended 2020 in a mixed performance. But members of the apex bank’s Monetary Policy Committee, MPC, its highest policy body, have indicated that the industry remained resilient and sound despite some negative impacts of the COVID-19 pandemic during the year. The report indicated that the banking industry l...

The Central Bank of Nigeria (CBN) has thrown its weight behind the federal government’s decision to sell its least valued assets and use funds from the sale to execute infrastructural projects in the 2021 budget.