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Nigerian bank ratings are threatened by corporate governance issues and rapid loan growth as competition increases credit risk, said Standard & Poor’s.
“We see a risk that the momentum behind regulatory improvements may slow after leadership changes at the central bank this year,” Samira Mensah, a Johannesburg-based credit analyst at S&P, said in a statement today. “The future growth and stability of the Nigerian banking sector will largely depend on a cohesive regulatory framework, together with political and institutional stability.”
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Source: BusinessWeek
“We see a risk that the momentum behind regulatory improvements may slow after leadership changes at the central bank this year,” Samira Mensah, a Johannesburg-based credit analyst at S&P, said in a statement today. “The future growth and stability of the Nigerian banking sector will largely depend on a cohesive regulatory framework, together with political and institutional stability.”
Click here to read more
Source: BusinessWeek