Championnews.com.ng
By Blaise Udunze Nigeria’s economy has been buffeted by storms in recent years with currency volatility, galloping inflation, surging interest rates, and dwindling consumer purchasing power. Yet, amid these macroeconomic headwinds, corporate organisations, especially banks, continue to post eye-popping profits. Five of Nigeria’s top 10 banks reported a combined pre-tax…
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Paradox of Profitability: Nigeria’s Banks, Bogus Earnings, and Recapitalisation Dilemma
Editor
22:21
By Blaise Udunze Nigeria’s economy has been buffeted by storms in recent years with currency volatility, galloping inflation, surging interest rates, and dwindling consumer purchasing power. Yet, amid these macroeconomic headwinds, corporate organisations, especially banks, continue to post eye-popping profits. Five of Nigeria’s top 10 banks reported a combined pre-tax…
