Nigeria's leading finance and market intelligence news report.

Low yields push Nigerian banks to expand loan books

...uptake may spur defaults as COVID-19 pressures businesses

Some Nigerian banks are aggressively looking to expand their loan books, making it a key performance indicator (KPI) for their relationship officers who are constantly reaching out to individual and corporate customers. This new push by Nigerian lenders comes despite the Covid-19 pandemic, which has pressured many businesses into not meeting up with their loans…

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