CBN cuts loan-to-deposit ratio to 50%
The Central Bank of Nigeria has released a new regulatory directive to enhance lending to the real sector of the Nigerian economy. The directive, issued
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The banking industry involves borrowing and lending money. Banks take customer deposits in return for paying customers an annual interest payment.
It is majorly used to keep money safe for customers, offer customers interest on deposits, protect against money losing value against inflation, lend money to firms, customers and homebuyers, and offer financial advice and related financial services, such as insurance
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