The central bank anticipates that almost two-thirds of credit in the economy will be reorganized this year to help borrowers cope with the economic fallout from the pandemic
Nigeria’s economy is poised to expand at less than half the pace needed by banks next year to avoid a spike in unpaid loans. The 2021 outlook for sub-Saharan Africa’s largest economy was cut to the growth of 1.7% by the International Monetary Fund on Tuesday, compared with a June forecast of 2.6
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