The Central Bank of Nigeria has denied planning to nationalise Unity Bank Plc, saying that the bank is still in good financial health.
Last month, the CBN’s Monetary Policy Committee at the end of its meeting noted that the banking industry is in good health. He said, “I don’t think Unity Bank has a problem that it cannot surmount. Because if that bank would have been crippled, it would have happened years back. But that is not the situation now. As far as I am concerned, Unity Bank is still a going concern. It is still viable and it still has strength to forge ahead.”
The balance sheet of the bank had been considerably de-risked with the non-performing loan ratio of near-zero per cent, which it has consistently maintained over time. With this, the bank ranks topmost in risk management assessment.
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:
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.
CBN debunks report on planned nationalisation of Unity BankThe Central Bank of Nigeria has denied planning to nationalise Unity Bank Plc as alleged by an online news medium.
Source: MobilePunch - 🏆 8. / 63 Read more »
Obasanjo, apostle of One Nigeria, repudiates unity at any cost - Punch NewspapersThe most widely read newspaper in Nigeria
Source: MobilePunch - 🏆 8. / 63 Read more »
Use religions for unity, Foundation urges NigeriansWe’re not waiting no more Nigeria BiafraNationNow oduduwanation Reality 👆🏻👆🏻 What exactly is united nations? Bunch of nitwits
Source: Daily Trust - 🏆 13. / 51 Read more »
Okorocha rallies travel professionals to national unity | The Guardian Nigeria News - Nigeria and World NewsSenate Committee Chairman on Culture, Rochas Okorocha, has urged travel professionals to promote national unity and culture across their spheres of influence. Referendum BiafraNationNow OduduwaNationNow This man is one of the problem imo state is facing
Source: GuardianNigeria - 🏆 1. / 94 Read more »
UNRS Seeks Peace, Unity In NigeriaThe United Nations Rescue Services (UNRS) has called on Nigerians to embrace peace and unity, saying the diversity of faith and the mistakes of leaders
Source: LeadershipNGA - 🏆 4. / 77 Read more »
Group praises comedian Zebrudaya at 71 for promoting unityThe baby is MISS CHIMERIKA ISIENYI, she needs a heart surgery, The hospital is requesting for 4million naira, please help with little you can and retweet, 0621863007 GTB Stanley ikenna Meshach, Father's contact_09136831857 GOD BLESS
Source: Daily Trust - 🏆 13. / 51 Read more »