Banks are worried about rising cases of bad loans and will go after defaulters.
Twenty-one (21) equities appreciated at price during the week, lower than sixty-nine (69) equities in the previous week.
Should the current economic downturn linger and deepen, Nigerian banks may fail the requisite stress tests.
Five of the six top banks in the country, all declared half-year dividends out of profits earned in the first half of the year.
Experts give their opinions on their favourite banking stocks and why they chose them.
The COVID-19 pandemic has presented a new threat to Nigerian banks.
Banks are more concerned about the arbitrary nature and lack of understanding of the CRR debits.
Nigerian banks are expected to experience a slowdown in 2020 due to the COVID-19 pandemic.
The Coronavirus pandemic is top on the list of factors weakening the Nigerian financial sector.
The report shows that Nigeria's banking industry remains one of the most systematically fragile in the world.