New Profit Alerts From Nigerian Banks Have Less to Do With Virus
Emele Onu, Bloomberg News Traders unload sacks of oranges from a delivery truck to waiting customers at Orange Market in Mararaba, Nigeria, on Tuesday, Sept. 1, 2020. By the end of the year, as many as 12,000 people globally could die a day from hunger linked to Covid-19, potentially more than those perishing from the virus itself, charity Oxfam International estimates. Photographer: KC Nwakalor/Bloomberg , Bloomberg
(Bloomberg) Itâs not just the pandemic thatâs putting Nigerian bank earnings at risk: Competition for customers in the recession-hit economy is driving interest rates on loans lower.
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