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I last wrote about why the SBA is denying finance company applications for forgiveness of PPP loans back in January. I described the status of the appeals made to the SBA Office of. ....
CBN to clamp down on bad debtors to OFIs The Punch Published 2:01 am The Central Bank of Nigeria has said it will extend its Credit Risk Management System to the other financial institutions in the country to protect them from bad debtors. It said this became imperative after it had successfully implemented it in other lending institutions in the country. The CBN said this in a circular signed by the Director, Financial Policy and Regulation Department, Kelvin Amugo, titled ‘Credit Risk Management System: Commencement of enrolment of all Development Finance Institutions, Microfinance Banks, Primary Mortgage Banks and Finance Companies’ on Monday. ....