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Nigerian Banks need 4%-5% growth to avoid bad-debt spike, EFG says

Published by BusinessDay on Thu, 15 Oct 2020


Nigeria's economy is poised to expand at less than half the pace needed by banks next year to avoid a spike in unpaid loans. The 2021 outlook for sub-Saharan Africa's largest economy was cut to the growth of 1.7% by the International Monetary Fund on Tuesday, compared with a June forecast of 2.6%. That'll make []
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