Nigerian Banking Industry Seen in ‘Full-Blown’ Credit CrisisBy
Unity Bank and Skye Bank close to being insolvent, Arqaam says
Seven Nigerian banks may be under-capitalized and in deficit
Nigeria’s banking industry is experiencing a “full-blown financial crisis” as failed fiscal and monetary policies lead to a credit crunch, according to Arqaam Capital.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.