Nigerian banks are still largely reliant on income from other non-core banking functions to boost revenues and juice earnings, despite efforts by the Central Bank of Nigeria (CBN) to get them to play bigger roles in the real economy via extending loans.
According to data gleaned from the Nigerian
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Folake Balogun
Folake Balogun is a tech journalist covering Africa’s fast-growing digital economy with a strong focus on incisive analysis of startup trends, venture capital, and fintech innovation, while also exploring emerging technologies such as artificial intelligence and the future of connectivity by highlighting their economic and social impact.
