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How commercial papers provide a lifeline for corporates seeking cash

Nigerian lenders are now cautious to provide credit to private sector as risk of default elevates given the tepid posture of Africa’s biggest economy. Figures from the National Bureau of Statistics revealed that total bank credit to private sector slumped by 2.54 percent to N61.67 trillion in 2018 compared with N63.28 trillion in 2017.  Also,…

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