Banks feel pain as low-yield environment hits revenue

November 30, 2020

Banks have been forced to lower interest in a bid to meet the loan-to-deposit rules

Nigeria’s largest banks are feeling the pains of a dovish monetary environment as revenues have touched the negative region for the first time in four years. The largest lenders saw their combined interest income and similar charges, a significant component of revenue, decline by 1.81 percent t

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