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350 debtors owe AMCON N2.05trn

The Assets Management Corporation of Nigeria (AMCON) has said 350 obligors alone account for over N2.05trillion, which is more than 70 per cent of total outstanding amount. The Corporation also said it has so far recovered about N1.48 trillion out…

Banks’ credit to govt hits 60-year high

…Analysts blame hike in borrowing on revenue shortfall …Govt borrowing from bank is less productive — Former President, CIBN By Uthman Salami & By Ogaga Ariemu, Abuja On the heels of government borrowing to finance budget, the Central Bank of…