CBN eases Capital Pressure on Struggling Banks

Nigeria’s central bank has given the country’s lenders some much-needed relief by extending the time they will have to implement stricter accounting rules for bad loans. Lenders in the West African country now have four years to absorb impairments arising from the implementation of IFRS 9 accounting standards last year, thereby easing fears that an […]

The post CBN eases Capital Pressure on Struggling Banks appeared first on The Guardian Nigeria Newspaper – Nigeria and World News.

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