Nigerian banks risk losing $185 over exposure on Afren’s financing

*Zenith, Access & Stanbic IBTC banks exposed 22 August 2015, Lagos – Nigerian banks involved in syndicate financing of Afren Plc’s onshore and offshore activities are at risk of losing $185 million (N31.45 billion) to exposure following doubt over the company’s ability as a going concern. Renaissance Capital Research, in its report released yesterday said […] More »