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CBN Orders Banks To Verify Borrowers’ Creditworthiness From Credit Bureaux

As part of its sustained monetary policy efforts to reduce Non-Performing Loans (NPLs) problem in the financial system, the Central Bank of Nigeria (CBN) has instructed banks and other lenders to obtain reports of borrowers from licensed credit bureaux as part of their due diligence in granting loans. The apex bank, in its latest report […]