Nigerian banks battle decline in interest income

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NINE banks are battling with the risk of N300 billion decline in their interest income in the 2018 financial year, due to declining yield on government securities. The banks are Stanbic IBTC, Fidelity Bank, Guaranty Trust, Access Bank, Zenith, UBA, FBN Holdings (FBNH), Diamond Bank and FCMB. Following the decision of the federal government to restructure its debt portfolio, by replacing domestic loan with foreign loan, the

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