The Nigerian Business Weekly

The Nigerian Business Weekly

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The Nigerian Business Weekly
The Nigerian Business Weekly
Ghanaian Bonds Defaulting Causes a N284 Billion Loss for Nigerian Banks

Ghanaian Bonds Defaulting Causes a N284 Billion Loss for Nigerian Banks

Sunday 23rd April 2023

David Bristol-Alagbariya's avatar
David Bristol-Alagbariya
Apr 23, 2023
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The Nigerian Business Weekly
The Nigerian Business Weekly
Ghanaian Bonds Defaulting Causes a N284 Billion Loss for Nigerian Banks
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I hope you are having an amazing Sunday! Welcome back to the newsletter that aims to give the readers a weekly recap on the major events going on in the Nigerian Business World.

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Due to Ghana's debt crisis, Nigerian banks have suffered large losses from their investments in Ghanaian bonds totalling at least N284 billion. According to a study of their reco…

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