Banks Recovered N50.32m Bad Loans Within 9 Days –CBN

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Director, Financial Policy and Regulation at the Central Bank of Nigeria, Mr. Kevin Amugo, says Nigerian banks recovered about N50.32m bad loans from debtors within nine days after the country commenced operations of the Global Standing Instruction. Amugo disclosed on Tuesday at a webinar organised by the Chartered Institute of Bankers of Nigeria Dialogue Series 3.0 in Lagos. The News Agency of Nigeria (NAN) reports that the discussion had as its theme: Non-Performing Loans and Global Standing Instruction Policy: Impact and Insights for Financial Stability. The GSI policy became operational from August…

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