Most Nigerian lenders that hitherto hurried offshore to issue bonds are faced with significant risk of default as it becomes increasingly difficult sourcing FX to service international obligations.
Declining oil prices and the unwillingness of the Central Bank of Nigeria (CBN) to devalue the naira,
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Iheanyi Nwachukwu
Nigeria's leading finance and market intelligence news report. Also home to expert opinion and commentary on politics, sports, lifestyle, and more
