Our financial institutions are now, it would seem, being rewarded for not being too adventurous and aggressive in conducting their business.
As far as October last year, some of the banks showed serious liquidity strain and had to be given financial support by the Central Bank in the form of an "Expanded Discount Window" (EDW) where the CBN extended credit facilities to these banks on the basis of collateral in the form of Commercial Paper and Bankers' acceptances, sometimes of doubtful value.