News & Events

APR 2020 NEWS Aluko & Oyebode

As some key states in Nigeria enter into the fourth week of lockdown due to the COVID-19 Pandemic, different sectors are considering the impact of the pandemic and various regulatory interventions on their operations. In the financial services sector, while some corporates could potentially be looking to banks for funding to bridge liquidity gaps, lenders will be assessing their loan portfolios in light of potential borrower defaults as well as rights and obligations under existing financing arrangements.

This note will highlight key considerations for lenders in relation to existing financial arrangements with customers.

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