Banks Count $2.8 Billion Loss As Nigeria’s Fuel Imports Collapse
By OBI DAVIES NIGERIA’S banking sector is grappling with a major shake-up as the country’s fuel imports fall sharply, wiping out a significant source of profit for lenders that have long dominated petroleum trade financing. Fresh data from the National Bureau of Statistics (NBS) show that mineral fuel imports plunged to ₦4.4 trillion in the […]
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