Zenith Bank, Nigeria largest lender by market value, announced that it had set aside USD 267 mln to account for its bond holdings in Ghana as the country restructures its debt. This move by Ghana to restructure most of its public debt, estimated at USD 49 bln, is affecting banks across the UK to South Africa. Financial institutions have incurred losses as the West African country swapped notes that paid an average of 19% for bonds returning as little as 8.35%.