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BREAKING: CBN to increase banks’ LDR to 70%

By Babajide Komolafe The Central Bank of Nigeria will increase banks’ Loan to Deposit Ratio (LDR) to 70% by 2020. CBN Director, Banking Supervision, Mr. Hassan Belllo disclosed this while speaking at the 2019 workshop for Finance Correspondens and Business Editors organised by the Nigeria Deposit Insurance Corporation (NDIC) in Yola, Adamawa State. READ ALSO:
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RIFAN recovers N35m CBN ABP loan in Niger

RIFAN recovers N35m CBN ABP loan in Niger

The Niger State chapter of Rice Farmers Association of Nigeria (RIFAN) on Saturday said that it had recovered N35 million Federal Government’s Anchor Borrowers Programme (ABP) loan from its members in the state. Alhaji Idris Abini, RIFAN’s state chairman made the dislosure in an interview with News Agency of Nigeria (NAN) in Minna. READ ALSO:
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Moody's, Nigeria

Moody’s changes outlook on govt of Nigeria’s rating to negative from stable

Affirms the B2 ratings Moody’s Investors Service (“Moody’s) has today changed the outlook on the government of Nigeria’s ratings to negative from stable. Concurrently, Moody’s has affirmed the B2 long-term local and foreign currency issuer ratings, the B2 foreign currency senior unsecured ratings, and the (P)B2 foreign currency senior unsecured MTN programme rating. The new
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