Nigeria’s big banks see 13% dip in interest expense as customers’ deposits hit 4-year high

Nigeria’s tier 1 banks saw a combined 13 percent dip in interest expense on customers’ deposit to N196.8 billion in half year (H1) 2020 from N225.9 billion in H1 2019, the largest drop in 4 years stemming from downward revisions of interest on deposits and monetary policy rate (MPR). The tier