Nigerian banks are dealing with rising costs threatening their bottom lines, such as higher taxes and more regulatory fees in H1’2022.

The prior occurrence shows how significant economic factors such as the COVID-19 recovery, the crisis between Russia and Ukraine, rising inflation and interest rates, and local regulatory policies have impacted the banking sector’s profitability in the first half of 2022.


Read further: https://ksbcjournal.com/2022/10/21/what-effect-will-cost-increases-have-on-bank-profitability-in-h2-2022/