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Tag Archives: CBN bars banks with huge bad loans from paying dividends

CBN bars banks with huge bad loans from paying dividends

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The Central Bank of Nigeria has stopped the payment of dividends to shareholders by Deposit Money Banks and discount houses with huge bad loans and low capital base. This is due to the rising non-performing loans and the need to stop further erosion of the capital base of the banks and discount houses. The directive is coming barely a week ...

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