June 10, 2024

[GIST] Rising cost of borrowing: Economy in throes of credit squeeze, sheds N7.1 trillion in three months

[GIST] Rising cost of borrowing: Economy in throes of credit squeeze, sheds N7.1 trillion in three months

The Guardian Nigeria News – Nigeria and World News https://ift.tt/TorPOhw

Less than three months into bank recapitalisation, the extensive fund-raising programmes may be shocking the economy as credit to the private sector continues to go south in the last few months, market data have revealed.

The post Rising cost of borrowing: Economy in throes of credit squeeze, sheds N7.1 trillion in three months appeared first on The Guardian Nigeria News - Nigeria and World News.

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