Nigerian Banks exposure to debts highly violatile — Fitch raises alarm

Fitch Ratings has sounded the alarm over mounting risks facing Nigerian banks, citing their heavy exposure to government debt as a major vulnerability. According to the agency, an estimated 35 percent of the banking sector’s total assets are invested in sovereign-related instruments such as treasury bills, bonds, and unremunerated reserves. More strikingly, these exposures amount [...]The post Nigerian Banks exposure to debts highly violatile — Fitch raises alarm appeared first on Nigerian NewsDirect.

Read More