Trade wars aren't just about Washington and Beijing, they shake economies worldwide, and Nigeria’s banks aren’t spared. As tariffs rise and supply chains strain, our financial sector faces risks that could shake its foundation. While oil remains Nigeria's top export, financial services have become the backbone of our economy, contributing 57.38 percent to GDP in Q4 2024. Banks fund trade, infrastructure, and businesses, but their reliance on foreign credit and investment makes them vulnerable to global economic shocks. Trade Tensi
Trade wars aren't just about Washington and Beijing, they shake economies worldwide, and Nigeria’s banks aren’t spared. As tariffs rise and supply chains strain, our financial sector faces risks that could shake its foundation. While oil remains Nigeria's top export, financial services have become the backbone of our economy, contributing 57.38 percent to GDP in Q4 2024. Banks fund trade, infrastructure, and businesses, but their reliance on foreign credit and investment makes them vulnerable to global economic shocks. Trade Tensi