{"id":32307,"date":"2020-11-13T17:00:22","date_gmt":"2020-11-13T17:00:22","guid":{"rendered":"https:\/\/www.africa-press.com\/nigeria\/?p=32307"},"modified":"2020-11-13T17:00:22","modified_gmt":"2020-11-13T17:00:22","slug":"buhari-assents-to-banks-financial-institutions-act-2020","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/all-news\/buhari-assents-to-banks-financial-institutions-act-2020","title":{"rendered":"Buhari assents to Banks, Financial Institutions Act 2020"},"content":{"rendered":"<p>Africa Press-Nigeria:<\/p>\n<p>President Muhammadu Buhari has assented to the Banks and Other Financial Institutions Act 2020.<\/p>\n<p>Garba Shehu, the presidential spokesman, made the announcement in a statement on Friday,<\/p>\n<p>The Act repeals the extant Banks and Other Financial Institutions Act 1991 as amended.<\/p>\n<p>The legislation is expected to enhance the resilience of the financial system for the growth of the Nigerian economy.<\/p>\n<p>It updates the enabling law in response to developments and significant evolution in the financial sector.<\/p>\n<p>The Presidency said the Act will increase the appetite of banks and other financial institutions to channel credit to the real sector.<\/p>\n<p>It also introduces a credit tribunal to improve loan recovery.<\/p>\n<p>Furthermore, the legislation addresses the incidence of high non-performing loans within the financial system.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa Press-Nigeria: President Muhammadu Buhari has assented to the Banks and Other Financial Institutions Act 2020. Garba Shehu, the presidential spokesman, made the announcement in a statement on Friday, The Act repeals the extant Banks and Other Financial Institutions Act 1991 as amended. The legislation is expected to enhance the resilience of the financial system [&hellip;]<\/p>\n","protected":false},"author":62,"featured_media":32310,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,14],"tags":[97,91],"class_list":["post-32307","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-buhari","tag-garba-shehu"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Buhari assents to Banks, Financial Institutions Act 2020 - Nigeria<\/title>\n<meta name=\"description\" content=\"Africa Press-Nigeria:President Muhammadu Buhari has assented to the Banks and Other Financial Institutions Act 2020.Garba Shehu,\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/all-news\/buhari-assents-to-banks-financial-institutions-act-2020\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Buhari assents to Banks, Financial Institutions Act 2020\" \/>\n<meta property=\"og:description\" content=\"Africa Press-Nigeria:President Muhammadu Buhari has assented to the Banks and Other Financial Institutions Act 2020.Garba Shehu,\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/all-news\/buhari-assents-to-banks-financial-institutions-act-2020\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-13T17:00:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2020\/11\/BUHARI-2-5faebb5ce91f9.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"719\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"alico\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"alico\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/buhari-assents-to-banks-financial-institutions-act-2020#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/buhari-assents-to-banks-financial-institutions-act-2020\"},\"author\":{\"name\":\"alico\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/50afd2ef4f0e900bd0a176404a8484a7\"},\"headline\":\"Buhari assents to Banks, Financial Institutions Act 2020\",\"datePublished\":\"2020-11-13T17:00:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/buhari-assents-to-banks-financial-institutions-act-2020\"},\"wordCount\":130,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/buhari-assents-to-banks-financial-institutions-act-2020#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2020\/11\/BUHARI-2-5faebb5ce91f9.jpg\",\"keywords\":[\"Buhari\",\"Garba Shehu\"],\"articleSection\":[\"all news\",\"Policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/all-news\/buhari-assents-to-banks-financial-institutions-act-2020#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/buhari-assents-to-banks-financial-institutions-act-2020\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/buhari-assents-to-banks-financial-institutions-act-2020\",\"name\":\"Buhari assents to Banks, Financial Institutions Act 2020 - 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