168

views
Unfave

UPDATE 1-Nigerian "bad bank" set to absorb $15 bln bad loans

LAGOS, Nov 8 (Reuters) - Nigeria's state asset management company (AMCON) said on Monday its board had approved the purchase of all banking sector margin loans and the bad loans of nine rescued lenders, totalling 2.2 trillion naira ($15 bln).
Read the rest of the story on Reuters Nigeria

Added November 08, 2010
from Reuters Nigeria