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Central Bank of Nigeria

Recovery of Delinquent Credit Facilities

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Author
Central Bank of Nigeria
Reference No.
BSD/DIR/GEN/LAB/08/022
Year
2015
Pages
2 pages

The Central Bank of Nigeria directs banks and discount houses to strengthen credit underwriting and monitoring, provide delinquent debtors with a three-month grace period to restore performing status, publish continuing non-performing debtors in national newspapers quarterly, submit those publications to the CBN, and recognize resulting…

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