Nigerian Banks Need Serious Cleansing, Stakeholders Tell New CBN Gov

Stakeholders in the financial sector such as the Pol Eco Analyst and the Centre for the Promotion of Private Enterprises (CPPE) have set agenda for Nigeria’s Central Bank Governor, Olayemi Cardoso. They want the new CBN boss to sanitise the country’s financial institutions.

Cardoso came on board the Central Bank amidst chronic crisis in the foreign exchange market leading to the speculative onslaught on the naira with price stability out of control despite hike in monetary policy rate.

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