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NIGERIA BANKS' ASSETS
The outbreak of COVID-19 and the sharp downturn in crude oil prices have continued to stoke fears of a further devaluation in the Naira.
Ecobank Transnational Inc. (ETI) is a leading Pan-African bank, with presence in most parts of West Africa.
According to Moody’s Investors Services, the depreciation in Naira will put a strain on the assets of Nigerian banks struggling to raise asset.