April 3, 2020/Cowry Asset

Recently released banking sector statistics showed greater efficiency in Nigeria’s financial intermediation, particularly with respect to improved loan administration and increased mileage on the road to achieving a cashless economy in 2019. One of such data, from the National Bureau of Statistics, revealed that banking sector non-performing loans (NPLs) declined year-on-year by 40.75% to N1.79 trillion in December 2019.

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