Banks face pressure to turn N4.65tn recapitalisation into business loans
Nigerian banks are facing pressure to translate the N4.65tn raised through the recapitalisation exercise into increased lending to businesses, particularly manufacturers, following concerns that stronger capital bases have yet to deliver the financing needed to expand domestic production. The Chief Executive Officer of the Nigerian Economic Summit Group, Tayo Aduloju, said bank credit to…
We haven't written up this one. Punch Nigeria has the full story — the link below goes straight to it.
This story
This is one outlet's version. Read the fullest account.
