The Central Bank of Nigeria (CBN) and commercial banks in the country have agreed that loan defaults will be settled using deposits made in other banks.
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State Government Submitts Claims For Reimbursement Over-Deductions On Paris Club Loans State Governments have submitted to the Federal Government (FG), claims of over-deductions for external debt service arising between 1995 and 2002 as a result of First Line Charge deductions from the Federation Account Allocation Committee (FAAC) allocations. These debt service deductions are in respect of the Paris Club, London …
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