{"id":1470,"date":"2019-01-02T16:17:21","date_gmt":"2019-01-02T16:17:21","guid":{"rendered":"https:\/\/www.africa-press.com\/nigeria\/?p=1470"},"modified":"2019-01-02T17:46:57","modified_gmt":"2019-01-02T17:46:57","slug":"high-debt-low-deposits-nigerias-banks-on-the-line","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/high-debt-low-deposits-nigerias-banks-on-the-line","title":{"rendered":"High debt, low deposits – Nigeria’s banks on the line"},"content":{"rendered":"

Millions of people do not deposit their savings in banks and the wealthy choose to invest elsewhere.<\/p>\n

The country\u2019s central bank says just two percent of Nigeria\u2019s 190 million people have savings of at least $1,400, and just 350 individuals are responsible for 80 percent of the country\u2019s bank debts.<\/p>\n

Economists are warning bad debt and low savings are threatening the survival of many commercial banks in\u00a0Nigeria<\/a>.<\/p>\n

Millions of people do not deposit their savings in banks and the wealthy choose to invest elsewhere.<\/p>\n

The country’s central bank says just two percent of Nigeria’s 190 million people have savings of at least $1,400, and just 350 individuals are responsible for 80 percent of the country\u2019s bank debts.<\/p>\n","protected":false},"excerpt":{"rendered":"

Millions of people do not deposit their savings in banks and the wealthy choose to invest elsewhere. The country\u2019s central bank says just two percent of Nigeria\u2019s 190 million people have savings of at least $1,400, and just 350 individuals are responsible for 80 percent of the country\u2019s bank debts. Economists are warning bad debt […]<\/p>\n","protected":false},"author":62,"featured_media":1561,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15,21],"tags":[217,105],"class_list":["post-1470","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-video","tag-deposit","tag-economy-of-nigeria"],"yoast_head":"\nHigh debt, low deposits - Nigeria's banks on the line - Nigeria<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/economy\/high-debt-low-deposits-nigerias-banks-on-the-line\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"High debt, low deposits - Nigeria's banks on the line\" \/>\n<meta property=\"og:description\" content=\"Millions of people do not deposit their savings in banks and the wealthy choose to invest elsewhere. The country\u2019s central bank says just two percent of Nigeria\u2019s 190 million people have savings of at least $1,400, and just 350 individuals are responsible for 80 percent of the country\u2019s bank debts. 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