A domestic margin lending crisis in 2008 and 2009 led to a significant shake-up of Nigeria’s banking sector. In the wake of the period, banking executives were charged with mismanagement, lenders were nationalised and the industry as a whole was in need of support. This was evident in a myriad of ways, but one of the most visible was the...
Does the macroeconomic climate present a risk of higher non-performing loans?
In January 2012 the Central Bank of Nigeria (CBN) launched the first phase of its “cashless” policy, which aims to reduce the volume of cash transactions and in turn cut the cost of banking services. Since then, the move towards electronic payments has spurred the growth of numerous electronic payment and commerce initiatives. The cashless...
Both the government and the Central Bank of Nigeria (CBN) have identified increased private sector lending as a priority, which has been made all the more urgent by a pressing need to stimulate the economy. As a result, the CBN has employed its monetary and regulatory tools to increase liquidity in the system and shore up banks’ balance sheets...
What can the CBN do to help encourage private sector lending and financial intermediation?
Does the macroeconomic climate present a risk of higher non-performing loans?
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