SECTOR | Nigerian banks: Walking on a thin rope

    Save for ACCESS and ETI, our coverage banks experienced contractions in interest income in Q1’21, mostly in line with the 161bps moderation in average T-bill rates to 1.3%. In addition, 66.7% of the banks recorded pullbacks in the P&L line item even though the balance of their interest- earning investment securities was notably higher in the quarter...

     

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