Nigeria: NDIC - Rising Public Debt, Bad Loans Threat to Financial Stability

21 October 2020

The Managing Director/Chief Executive, Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim has said the rising public debt stock as well as increase in banking industry non-performing loans (NPLs) portfolio have put financial regulators under pressure.

Owing to this, he stressed take measures to respond and forestall a financial crisis.

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