foreign loans
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Nigeria Nigeria's $51bn Debt and Shrinking Revenues Signals More Hardship for Citizens
Image by Oluwaseyi Aiyeobasan from Pixabay In a sobering assessment of Nigeria's financial health, the Federal Government has voiced alarm over the country's escalating public expenditure in the face of diminishing revenue streams. Punch Newspapers reports that the Accountant General of the... -
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Business CBN Mandates Banks To Review Provision For Foreign Loans
The Central Bank of Nigeria (CBN), yesterday, directed banks to review the money set aside for non performing foreign currency loans based on the exchange rate of the naira in the interbank market. The Director of Banking Supervision Department, CBN, Mrs. Tokunbo Phillips, gave the directive...- ProfRem
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