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Lockdown may strain debtors’ ability to repay bank loans

…Tenor loan restructuring to be considered  

Nigerian banks are in a no-win scenario with customers who took short-term loans as salaries are delayed and businesses are locked down following the stay-at-home instruction from the Federal Government occasioned by the continuous spread of Covid-19. Many of the banks have expanded their digital lending portfolio, which gives Nigerians quick and 24/7 access to…

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