Expert highlights disparity as banks profit amid economic hardship

By Chukwuma Umeorah While millions of Nigerians grapple with rising inflation and a weakened naira, commercial banks continue to report record-breaking profits highlighting a disconnect between the financial sector and the real economy. Although experts have highlighted that these gains were largely fueled by foreign exchange (FX) windfalls and high-interest rates, they warn that the []The post Expert highlights disparity as banks profit amid economic hardship appeared first on The Sun Nigeria.
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