Buhari assents to Banks, Financial Institutions' Act

  • 📰 TheNationNews
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 69%

Nigeria Headlines News

Nigeria Latest News,Nigeria Headlines

President Muhammadu Buhari has assented to the Banks and Other Financial Institutions (BOFI) Act 2020.

President Muhammadu Buhari has assented to the Banks and Other Financial Institutions Act 2020.

“It repealed the extant Banks and Other Financial Institutions Act 1991 as amended. This monumental piece of legislation is expected to enhance the soundness and resilience of the financial system for sustainable growth and development of the Nigerian economy. “It will increase the appetite of banks and other financial institutions to channel much needed credit to the real sector to support economic recovery and promote sustainable growth.“In this respect, it introduces a credit tribunal to improve loan recovery and address the incidence of high non-performing loans within the financial system, which has been a key deterrent to lending by financial institutions.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

It's Friday , let's increase our followers with 100+ within 30mins... Follow and,I follow back instantly💯💯

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in NG

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Buhari signs Banks, Other Financial Institutions Act 2020Olalekan Adetayo, AbujaThe President, Major General Muhammadu Buhari (retd.), has signed the Banks and Other Financial Institutions Act 2020 into law.The Senior Special Assistant to the Pre... What are they up to now? Mumu man, what does he know he is signing If them given am paper he will rush and sign with out looking into it and ask intelligent questions anything he will accept seriously we are dealing with a bot here
Source: MobilePunch - 🏆 8. / 63 Read more »

BREAKING: Buhari assents to Banks, Financial Institutions Act 2020 - Daily Post NigeriaPresident Muhammadu Buhari has assented to the Banks and Other Financial Institutions Act 2020. Garba Shehu, the presidential spokesman, made the Fuel na 170 today oh forget any signing baba Which Buhari , the dead one just like Joe voters in America.
Source: DailyPostNGR - 🏆 11. / 59 Read more »

Buhari signs new law guiding Nigeria's banks, other financial institutionsThe new law repeals the extant Banks and Other Financial Institutions Act 1991 as amended. What Law is it please.
Source: PremiumTimesng - 🏆 3. / 78 Read more »

Buhari Signs Banks And Other Financial Institutions Act 2020Buhari Signs Banks And Other Financial Institutions Act 2020 Ifb Is this to put more hardship on Nigerians.? Breaking News! You just gained one Twitter follower. Follow me and I will follow you back immediately. Follow 👉👉 iamvalencio 💯💯♥️♥️ ifb
Source: channelstv - 🏆 7. / 63 Read more »

Buhari signs Banks and Other Financial Institutions Act, 2020President Muhammadu Buhari, on Thursday, November 12, 2020, assented to the Banks and Other Financial Institutions Act, 2020. Presidential spokesman, Garba Sheh Fuel na 170 and nobody is saying anything Open Bounders let's see cheap Food buy and save money carry go Bank. Droplets of water, though may take days, months, or even years to drill a hole on a stone, but it does drill that hole. Unlike when you gather the same quantity of water and pour it on the same stone at once. Bit by bit we know, join me to know. Thank you
Source: Daily Trust - 🏆 13. / 51 Read more »