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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 more on Reuters Nigeria]
Added: over 2 years ago (November 08, 2010 @ 03:56PM)
Source: Reuters Nigeria
