Banks’ race for funds through bonds unsettle business.


Banks’ anxious moves to raise additional finances through bonds, for funding communications in collaboration with the public sector, following favourable disposition of the Central Bank of Nigeria and the Federal Government to the instrument market is causing uneasiness in the industry.

According to BusinessDay investigation, the need by most banks to go on board on some self cleansing such as full provisioning for their exposure to the capital market, coupled with the imminent December limit for uniform financial year-end are posing challenges to theirearly entrance into the market for the finances

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