Analysts say only sound economic reforms can accelerate bank lending

Omoluwabi Mortgage Bank sees improvement in Q1 2019 turnover

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Banks could accelerate credit extended to the private sector if policymakers implement reforms that would drive economic growth. Analysts say it is practically difficult to dissuade lenders away from parking their money in high-yielding government securities. They add that yields will continue to be attractive so long as the central bank (CBN) continues its aggressive…

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