BREAKING: CBN orders banks to restrict services for loan defaulters

News
By Alagbe Shenayon
217

The Central Bank of Nigeria (CBN) has asked commercial banks to restrict loan defaulters, specifically large-ticket obligors, from accessing credit facilities.

A large-ticket obligor refers to a borrower — whether an individual or a company — that owes a significant amount of money to a bank.

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The directive was contained in a circular issued to banks on Monday.

Details Later…

Alagbe Shenayon 17715 posts 0 comments

Alagbe Shenayon is an emerging multimedia journalist with a Bachelor’s Honours in Communication Studies and over two years of newsroom experience. He is known for accuracy, integrity, and an unrelenting drive to uncover the truth through clear, engaging, and reliable reporting.

His core interests include sports and political journalism and he is expanding into cryptocurrency and digital trends, positioning himself as a versatile modern journalist with a keen eye on emerging global conversations.

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