It projected a 19.2 per cent drop in profit before tax in 2025
Nigerian banks are expected to record weaker profits this year despite raising trillions of naira in fresh capital to strengthen their balance sheets, according to a new industry report by Agusto & Co. Limited.
In a recent report, the pan-African credit rating agency projected a 19.2 per cent drop in profit before tax in 2025, warning that rising loan impairments and tighter monetary policy would erode gains from revenue growth.
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