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Nume Ekeghe and Dike Onwuamaeze
With the commencement of the African Continental Free Trade Area (AfCFTA) agreement on January 1, 2021, analysts and stakeholders have expressed optimism of Nigerian banks readiness, saying the financial sector stands to benefit most from the continental agreement.
The analysts, in separate interviews yesterday with THISDAY, added that with most Tier-1 banks already operating in many African countries and are continually expanding, that give them an edge over their counterparts in other African countries.
They added that with the increase in trade that would spur economic activities and increased lending, many banks are already in a liquid position to take advantage of AfCTA.