Banks’ asset quality expected to worsen – FBN Capital

Against the backdrop of the impact of the plunge in global oil prices and the resultant devaluation of the naira, the asset quality of Nigerian banks could deteriorate over the next 12 to 24 months, FBN Capital Limited has said.
The investment banking and asset management subsidiary of FBN Holdings Plc, in its newly released report entitled ‘2015 Outlook’, said Nigerian banks were going through probably the most challenging period since the credit crisis of 2008-2009. Continue Reading