Global rating agency, Moody’s Investors Services yesterday affirmed a ‘Stable’ outlook on the Nigerian banking system, but warned that losses to bad loans remain high in the industry.
Continue reading Losses to bad loans remain high in Nigerian banks – Moody’s at Vanguard News Nigeria. …
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Breaking: Shareholders threaten court action over CBN’s policy on bad loans, dividends
Shareholders, under the aegis of Pragmatic Shareholders Association of Nigeria, PSAN, have decried the recent Central Bank of Nigeria, CBN’s rule that barred banks with huge bad loans from paying dividends and have called on the National Assembly to intervene with the aim of protecting local investors. …
CBN Orders Banks With Huge Bad Loans To Stop Paying Dividends
Banks and discount houses with non-performing loans above 10 per cent will no longer be allowed to pay dividends to their shareholders. The Central Bank of Nigeria gave the directive as part of measures to curb the increase in non-performing loans and to stop further erosion of the capital base of the banks. The … Continue reading CBN Orders Banks With Huge Bad Loans To Stop Paying Dividends
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