Tag Archives: profitability

Fitch Forecast Lower Profitability For Nigerian Banks This Year

By Nse Anthony-Uko (Sundiata Finance) — Fitch, a global credit rating agency, has predicted negative outlook for Nigerian banks this year over continued fragility in the operating environment, stating that they may find it more difficult to sustain profitability given the decline in net Treasury Bill (T-bill) issuance in first quarter of 2018 issuance programme. Coupon rates on T-Bill and ...

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How Nigerian Banks Can Turn Around Unprofitable Corporate Clients

(Sundiata Post) – Bank profitability has been significantly hit by the deteriorating macroeconomic fortunes. As the Nigerian economy plunged into recession for the first time in two and half decades because of weak oil prices and declined production volumes, the asset quality of Nigerian banks deteriorated. Trans Forcados pipeline, a major evacuation route for onshore oil production , has been ...

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