Nigerian energy firms have borrowed about N503.674 billion from Diamond Bank Plc over the last two years between 2013 and 2014 to finance their operations. This, according to Diamond Bank’s ‘Consolidated and Separate financial statements for the year ended, 31 December 2014,’ comprises loans and advances of N264.941 billion and N238.733 billion for 2014 and 2013 respectively.
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