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CBN Debits Zenith, UBA, GTB, First Bank, 6 Others N1 62trn For Not Meeting Cash Reserve Requirements

The Central Bank of Nigeria has debited Zenith Bank, GTBank, UBA, First Bank, and six other commercial banks about N1.62 trillion for not meeting their CRR needs.

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Beneficiaries fume over recovery of COVID-19 intervention loans

Beneficiaries fume over recovery of COVID-19 intervention loans
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CBN Combs Accounts, Debits Beneficiaries to Recover COVID-19 Loans as Debtors Recount Experiences

The Central Bank of Nigeria has begun debiting accounts of beneficiaries of the COVID-19 loans granted in 2020 under the Targeted Credit Facilities scheme.

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Beneficiaries complain as CBN moves to recover COVID-19 loans

Central Bank of Nigeria (CBN) is set to recover loans it granted some Nigerians to ameliorate harsh socio-economic realities.

Central bankMicrofinance bankInternational monetary fundBorrowers programmeNews agency of nigeriaTargeted credit facilitiesFatimah alliAbbas suleAnchor borrowers programmeCovid 19 loans

Beneficiaries complain as CBN set to recover COVID-19 intervention loans

The Central Bank of Nigeria (CBN) is set to recover loans it granted to Nigerians under the Targeted Credit Facilities (TCF) initiative in 2020 to cushion

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