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The spike in loan losses provision is stemmed from the rising interest rate which has made paying back tough for borrowers. With inflation at a 28 year high,
Brief and Accurate
Deputy governor of Financial System Stability of the Central Bank of Nigeria (CBN), Philip Ikeazor, has said that the rise in non-performing loans in the
In his comments, the CBN deputy governor, Corporate Services, Bala Moh’d Bello whilst noting that, as at February this year, financial soundness indicators in
BI emphasized that it will remain independent and continue to create synergy with the Ministry of Finance to stimulate the economy.