‘Recapitalisation To Lift Private Sector’s Credit Above 13%’

With Nigeria’s private sector facing a significant credit shortfall as domestic lending to the sector is currently just 13% of Gross Domestic Product (GDP), far below the global average, banking sector recapitalisation is expected to increase this threshold above 13 per cent, says managing director of First City Monument Bank (FCMB), Yemisi Edun. This credit [...]

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