AMCON warns: 350 Nigerian VIPs owing N5.5trillion pose grave risk to Nigeria

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Nigeria is facing the risk of never recovering about N5.5 trillion($15 billion) of bad loans from 350 Nigerian firms and individuals, Asset Management Corporation, AMCON has warned. The loan portfolio that has gone bad represents a third of Nigeria's external ...

from Google Alert - Business https://ift.tt/2Z8QPAE
Nigeria is facing the risk of never recovering about N5.5 trillion($15 billion) of bad loans from 350 Nigerian firms and individuals, Asset Management Corporation, AMCON has warned. The loan portfolio that has gone bad represents a third of Nigeria's external ... https://ift.tt/eA8V8J

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