Manufacturing and general commerce sectors constitute the bulk of the restructured facilities.
In Nigeria, deposit money banks are required to keep 65% loan to deposit ratio.
FRC engaged all regulators of sectors for the purpose of developing sectoral guidelines of corporate governance.
The Bank has a very strong financial risk profile, capital adequacy, liquidity, extraordinary shareholder support.
The charges accrued between February 1st and April 30th, due to ommissions by the tier-1 bank.
The Nigerian banking industry remains one of the best places to work in the country.
CBN in recent years has played an active role in stimulating growth in the agricultural sector.
Among the 26 banks affected by the latest debits are regular "victims".
These tier-1 banks may be entitled to tax exemptions in Q2 2020.
Monte said that the partnership between both institutions was because of the confidence and vision of Adesina.
