Naira devaluation, oil sector crisis threaten banks

The capital adequacy ratios of a number of Nigerian banks will come under increasing pressure should the weakness in the naira and crisis in the nation’s oil sector persist, Fitch Ratings has said. CAR, which is a measure of a bank’s capital, is used to protect depositors and promote the stability and efficiency of financial […]

Naira devaluation, oil sector crisis threaten banks

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