Tag Archives: Olukayode Pitan

BoI gets approval to recover NERFUND’s N17.5bn bad loans

The Federal Government has given approval to the Bank of Industry to recover the N17.5bn outstanding loans being owed by customers of the Nigeria Economic Reconstruction Fund. NERFUND is currently having liquidity challenges owing to its huge non-performing loans portfolio. The instrument of approval was given through a Memorandum of Understanding signed on Wednesday in Abuja between the Ministry of ...

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