New CBN Bank Policy “GSI”, Bank Customers Be-Aware!

A new policy that will deny serial bad debtors any cover to operate went live in the Nigerian banking system on 1 August 2020. The Central Bank of Nigeria (CBN) says the Global Standing Instruction (GSI) policy will facilitate improved credit repayment culture in the country; reduce non-performing loans (NPLs), and promote watch-listing of chronic loan defaulters in the Nigerian Banking System. The policy, introduced by the CBN by virtue of Section 2 (d) of the CBN Act, 2007, is to promote a sound financial system and enhance loan recovery…

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Minor Fire Outbreak At CBN, Jos Branch

In a tweet shared from the verified handle of the Central Bank of Nigeria at 13. 44pm on Tuesday 21st of April 2020, the fire outbreak was announced. It stated that; “Minor fire outbreak at the Jos branch of Central bank of Nigeria, promptly contained today, April 21, 2020.” This is the fourth time in a roll, where government offices will be on fire in the month of April. In Abuja, the Accountant General’s office was gutted, then the Corporate Affairs office and then a section of the INEC office…

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