July 17, 2020/Cowry Asset

All appears to be set for the commencement of the Global Standing Instruction (GSI) as the Central Bank of Nigeria (CBN), having issued its guidelines, mandated all banks and other financial institutions to begin implementation of GSI from August 1, 2020.

More importantly, the GSI is aimed at facilitating an improved credit repayment culture; reducing non-performing loans in the banking industry; and having a watch-list of consistent loan defaulters.

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