Monday, 12 January 2015

CBN SUSPENDS DIRECTIVE ON OIL SECTOR LOANS


CBN SUSPENDS DIRECTIVE ON OIL SECTOR LOANSA new rule meant to assist banks to manage their loan risks in the oil and gas sector in the face of the falling oil prices has been suspended by the Central Bank of Nigeria.
 
The suspension came barely one month after the CBN introduced the rule entitled ‘Oil and gas industry credit risk mitigation’
 

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