Nigerian banks are facing pressure to translate the N4.65tn raised through the recapitalisation exercise into increased lending to businesses, particularly manufacturers, following concerns that stronger capital bases have yet to deliver the financing needed to expand domestic production. The Chief Executive Officer of the Nigerian Economic Summit Group, Tayo Aduloju, said bank credit to manufacturers
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Banks face pressure to turn N4.65tn recapitalisation into business loans
Punch Nigeria about 4 hours 1 mins read
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