I made the call that banks would have to allow some interest incomes to go because Nigerian government has set an example which some bank customers can refer to in a force majeure filing in the court. As typical, GTBank has gone ahead, by giving a 90-day grace period for repayment of some loans. Of course, that is not an absolute waiver of interests but that is a positive step nonetheless.
I made the call that banks would have to allow some interest incomes to go because Nigerian government has set an example which some bank customers can refer to in a force majeure filing in the court. As typical, GTBank has gone ahead, by giving a 90-day grace period for repayment of some loans. Of course, that is not an absolute waiver of interests but that is a positive step nonetheless.
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