Nigerian Bank Profits Set to Get Boost From Economy's Comeback
- Nigerian banks seen benefitting from improvement in bad loans
- Drop in government bond yields set to pressure 2018 earnings
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The spring in the step of Nigeria’s economy is likely to show up in the results of the country’s banks when they start reporting 2017 earnings from this month.
An improvement in unpaid loans, higher interest income from holding government debt and a rise in profit will have helped lenders bolster their capital buffers, according to Renaissance Capital analysts including Olamipo Ogunsanya and Ilan Stermer.