Nigeria's leading finance and market intelligence news report.

Nigerian banks face biggest revenue drop since 2016

Nigerian banks could see the biggest yearly decline in revenues since 2016 by the end of this year, according to estimates by Renaissance Capital and Fitch Ratings, which point to at least a 20-percent dip. “Banks are dealing with slow growth, fall in lending, a lack of foreign exchange in the market and asset quality…

Join the BusinessDay Inner Circle to read exclusives and gain insights for N1000/month

Get real time updates directly on you device, subscribe now.

Comments are closed.