Looming inflation, others may affect Banks profitability

June 29, 2020 Segun Odunewu 0

Global rating agency, Fitch Solutions, says high inflation and increased government borrowing occasioned by the COVID-19 pandemic will be responsible for much of the headwinds to Nigerian Banks’ profitability in the medium term. In a 57-page report titled Nigeria Banking & Financial Services Report for Q3 2020, Fitch stated that though these banks are expected to grow in the medium Read More