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…...
Trending
- Crypto crime: $2.5 billion stolen in 2025 (record)
- UMOA-Titres: Guinea Bissau raises 8 billion CFA francs under limited conditions
- BIDC grants a 50 million euro credit line to AFG Holding to boost the private sector in the ECOWAS region
- Gabon: the shocking trial of Sylvia, Noureddin and the Young Team
- Handling: Africa Global Logistics Ivory Coast incurs a loss of 427.470 million FCFA in the first half of 2025
- South Africa: Telkom records a 16.4% increase in its half-year profit
- “The dog that didn’t bark”: Epstein’s email haunting Washington and Donald Trump’s dramatic turnaround
- The latest trends in private equity in Africa
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.
Add A Comment
About us
Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, give meaning to statistics….
Contact us: redaction@financialafrik.com