Nigeria’s ultra-low T-bill yields will harm banks’ profitability – Moody’s

…says mid-sized banks to be hard hit

…expects NPLs at 10%, GDP growth at 2.1% in 2021

Nigeria’s ultra-low Treasury bills yields amid high inflation rate are credit negative for banks, according to global rating agency Moody’s. The low-interest-rate will continue to compress banks’ net interest income, making them unable to reduce their cost of funding at the same pace, Moody’s said. “Our negative outlook for Nigerian banks reflects our expectations of…

Don’t miss another story

Become a BusinessDay Subscriber today.

For insights, facts, figures, and access to opportunities.
Options starting from N1000 Monthly

Already a subsriber?


Get real time updates directly on you device, subscribe now.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.