Banking
July 05, 2017
How Nigerian Banks are Navigating the Recession
Since it was officially announced that Nigeria had slipped into a recession in 2016, the financial services sector has felt the impact of the economic downturn in various ways. To ensure stability and sustainability in operations, the Nigerian banks have explored innovative ways to create value and retain profit. Mr Demola Sogunle CEO, Stanbic IBTC in a recent roundtable shares the challenges faced by banks and the strategies, that have to prevail through the recession.
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