5 Nigerian Banks at Risk the Most by Attacks on oil Facilities by Niger Delta Militants

The recent incessant attacks on oil installations by Niger Delta militants have affected the oil production output of the Nigerian government adversely.

Several oil wells have stopped production and oil companies are shutting down. At the moment Aiteo and Agip have shut down production while Shell has suspended exports indefinitely given the frequent attacks on the Forcados Terminal.

As a result, concerns have been raised about the asset quality of several Nigerian banks as they have been exposed due to the loans they've given out to players in the upstream oil and gas sector.

Here are the 5 banks most exposed by the attacks:

Guaranty Trust Bank
Sterling Bank
First Bank, FBNH
First City Monument Bank
Fidelity Bank



http://www.newshelm.com/2016/06/5-nigerian-banks-at-risk-most-by.html

cc lalasticlala

Best investment is Real Estate. Not Bank savings. Every year you collect your rent.

I dont trust any bank no matter its name and size. Free government money has gone into TSA..

Since they prefer to give loans to the oil and gas sector in detriment to others.....let them deal with it!

The day first bank declined my loan request despite meeting their conditions was the day I stopped banking with them.