• Wednesday, February 21, 2024
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Chart of the Day: Liquidity ratio of Nigeria banks

Chart of the day: Liquidity ratio of Nigeria banks

Zenith Bank’s high liquidity ratio shows that it would easily meet its short-term debts compared to its peers.

Read also: Lafarge records highest half-year profit in 11 years

According to Investopedia, a very high liquidity ratio could be an indication that it is focusing more on liquidity to the detriment of efficiently utilizing capital to grow and expand its business.