Lagos - Nigerian banks are facing dwindling fortunes due to harsher operating environment.
The banks’ financial results show declining earnings and sharp drop in key performance indices, reports BusinessWorld.
So far, the biggest number of banks which have released their results posted either profit declines or losses with a few managing to sail through the lag effects to post growth in profits.
FCMB Group, Unioin Bank are the latest to join the list of banks whose profits declined in the second quarter of 2014.
Read more at BusinessWorld.
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