Deputy governor of Financial System Stability of the Central Bank of Nigeria (CBN), Philip Ikeazor, has said that the rise in non-performing loans in the Nigerian banking industry is alarming. Personal statements of the Monetary Policy Committee Members, released on CBN’s website on Tuesday, show that NPL in the industry has risen by 0.3 per cent to 4.5 per cent, a situation Ikeazor said gives backing to the recapitalization move by the apex bank. In his statement at the last MPC meeting held in March, Ikeazor raised the concern by stating that the banking sector has remained resilient, with m…