A rising number of Nigerian deposit money banks (DMBs) have begun the process of ceasing loan application collection under the Central Bank of Nigeria’s (CBN) development finance intervention initiatives. Under former CBN Governor Godwin Emefiele, the apex bank shifted to quasi-fiscal operations to promote ex-President Muhammadu Buhari’s economic growth strategy. Customers were informed by local … Continue reading Banks Cease Loan Applications Under CBN Intervention Programs