Nigeria, July 16 -- As the impact of the COVID-19 pandemic diminishes, the Central Bank of Nigeria (CBN) is undertaking a significant initiative that promises to reshape the financial landscape in the country. The CBN's regulatory forbearance, initially introduced as a crucial support mechanism for banks during the crisis, facilitated essential loan restructuring, interest rate relief, and moratoriums. These measures were vital in stabilising a banking sector that had been heavily affected by non-performing loans (NPLs), with notable benefits observed in the oil and gas, agriculture, and power industries. However, in June 2025, the CBN announced a phased withdrawal of these measures, indicating a move towards more rigorous regulatory over...
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