In a note published by Moody’s Investors Service, the credit rating agency warns that the recent decision by the Central Bank of Nigeria (CBN) to reduce its Monetary Policy Rate (MPR) from 27.5% to 27% could put downward pressure on the profitability of Nigerian banks. According to Moody’s, this reduction in the benchmark rate, combined...
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Nigeria: Moody’s warns of potential decline in bank profitability following reduction of benchmark rate
Amadjiguéne Ndoye
Economic journalist with a Master’s degree in Communication and Journalism from the Higher Institute of Information and Communication Sciences in Dakar (ISSIC). Avid reader and music enthusiast. Feminist at heart and passionate about fashion.
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