Banks groan under energy firms’ N4.89tn unpaid debts – The Punch

The Punch

Banks groan under energy firms’ N4.89tn unpaid debts
The Punch
Deposit money banks in the country are said to be bleeding as acquisition loans advanced to power and oil companies have not been paid. Prior to the fall in crude oil prices from a peak of $115 per barrel in 2014, banks gave loans to local oil and gas …

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