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S&P sees Nigerian banks’ profitability easing as sector ementers ‘normalisation’ phase

S&P Global Ratings has projected a cautiously resilient outlook for Nigeria’s banking sector in 2026, forecasting a marginal decline in profitability as the industry transitions from recent windfall gains to a more stable operating environment. The global ratings agency made the projection during a webinar held on March 5 titled “Africa’s 2026 Credit Cycle Dynamics.”

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