CBN cuts loan-to-deposit ratio to 50%

The Central Bank of Nigeria has released a new regulatory directive to enhance lending to the real sector of the Nigerian economy. The directive, issued on April 17, 2024, with reference number BSD/DIR/PUB/LAB/017/005 and signed by the Acting Director of Banking Supervision, Adetona Adedeji, signifies a notable shift in the bank’s policy towards a more