When people lose confidence in the banking sector because of bad monetary policies, of course, people will go into self-help preferring to deal with local osusu than with the banks.
“The coming chaos in the banking industry - Daily Trust”
“The coming chaos in the banking industry - Daily Trust”
The hammer wielded by the Central Bank of Nigeria (CBN) that suddenly fell on Heritage Bank is, from my perspective, a forerunner to the coming chaos in the banking industry. A few days ago, the country woke up to the CBN’s announcement withdrawing the li
