Naira slide may trigger loan defaults, squeeze businesses – Financial expert warns

A financial expert, Busari Akande, has warned that the naira's depreciation could increase loan defaults, weaken business operations and restrict access to credit in Nigeria. Akande, a Fellow of the Institute of Credit Administration, FICA, said the naira's continual decline at the Nigerian Autonomous Foreign Exchange Market, NAFEM, at the beginning of November could have […] Naira slide may trigger…