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Thursday , 19 July 2018

CBN’s Loans keeping Nigerians bank,they are weak -IMF

Commercial banks struggling to remain solvent have been called out, but not identified by the IMF, including one that the lender said was already insolvent, adding, “Some of these banks are kept afloat through continuous recourse to the CBN’s lending facilities.”

The IMF said it would not comment on purported leaks. A spokeswoman for the Fund said a statement would be issued after the lender’s board’s meeting to discuss its assessment on Friday.

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