Nigeria, June 18 -- Zenith Bank said it is making last-ditch efforts to meet the subsequent conditions for a temporary relief the Central Bank of Nigeria (CBN) granted to lenders in 2020, allowing them to restructure problem loans without the need to make full provision for them in their books.

"We are confident that this exposure will be brought within the applicable regulatory limit on or before 30 June 2025," the bank stated in a notification to the Nigerian Exchange on Wednesday.

The CBN ordered lenders with forbearance exposures on Friday to halt dividend payments and executive bonuses, as well as suspend international expansion plans, setting the end of this month as the deadline for compliance.

According to a report by Renaissan...