• Banks to now accept moveable assets as collateral – CBAN

    Banks to now accept moveable assets as collateral – CBAN

    The Credit Bureau Association of Nigeria (CBAN), Central Bank of Nigeria (CBN) and International Finance Corporation (IFC) are working towards improving access to loan facilities using movable assets as collateral.

    The News Agency of Nigeria (NAN) reports that the institutions held a one-day workshop in Kaduna, on Wednesday, to create the needed awareness on the new financial infrastructure.

    Representative of the IFC, Mr Ubong Awah, identified the new infrastructure as Collateral Registry (CR) and Credit Reporting System (CRS).

    Awah explained that the infrastructure […]