Banking
June 01, 2020
Nigerian Banks Face Rising NPLs And Possible M&As In H2, 2020 - Marcel Okeke

The Nigerian Financial Services Industry faces the potential risks of Rising Non-Performing Loans and possible Mergers and Acquisitions in the Banking sector for the second half of the year 2020. Mr Marcel Okeke an economist and CEO of Mascot Consult Limited disclosed this on the WebTV "Economy and Politics" program which discussed the topic "Focus on Nigeria's Monetary Policy Environment".


He described the recent decision of the Monetary Policy Committee of the Central Bank of Nigeria, CBN to reduce the monetary policy rate by 100 basis points from 13.5% to 12.5% as a welcome development, which will support economic activities in the country.


Watch Video Courtesy WebTVNG


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