Businesses buckle under debt as defaults push bad loans to N21.2trn
[Vanguard - Nigeria] - 2/02/2026
High interest rates, FX shocks, end of COVID forbearance trigger spike in corporate loan failures By Babajide Komolafe, Economy Editor At the backdrop of economic pressures on households and businesses, banks are now struggling with a rising loan defaults by businesses, leading to a significant (…)
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