CIBN Urges Banks to Lend New Capital to Small Businesses

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CIBN Urges Banks to Lend New Capital to Small Businesses

LAGOS — The Chartered Institute of Bankers of Nigeria has urged banks to lend money raised through recapitalisation to small businesses rather than investing it in government securities. CIBN President Dele Alabi said capital is the most expensive source of funds for banks. He announced that the institute's annual banking and finance conference will take place on 8 and 9 September in Abuja.

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