Moody’s Raises Alarm Over Survival of Nigerian Tier 2 Banks

**Banks May Lose Business to Fintech

In recent times, there have been concerns raised about the status of midsized banks operating in Nigeria.

Last month, Fitch Ratings disclosed that a number of Nigeria’s tier-2 banks (banks with total assets less than N2 trillion) will fall below the capital adequacy ratio of the Central Bank of Nigeria (CBN) should the Naira depreciate…


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