Sentences with phrase «banks by marketers»
According to him, the delay in repayment of the loan debts owed the banks by marketers had led to a retrenchment in the banking and the oil and gas sectors.
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Vanguard exclusively gathered that the blacklisting of Nigerian oil marketers by the foreign suppliers followed the challenges faced by marketers to access foreign exchange due to stringent rules by the Central Bank of Nigeria, CBN, on foreign exchange transactions.
Olawore also said that a problem in the oil sector invariably affects the banking sector, because of the unpaid loans collected by marketers borrowed.
Olawore said the immediate payment of the accumulated subsidy claims would salvage the banks from total collapse over the huge debts owed them by marketers, and avert the scarcity of petroleum products in the country.
The marketer makes money after you have filled out the application mail it in and are approved by the bank.