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Coronation Weekly Update: A better NPL picture

Nigerian banks have improved non-performing loans (NPLs) post-recession. However, our study shows certain sector NPLs have deteriorated. Real Estate, a significant component of GDP, has also recorded impressive moderation in NPLs, notwithstanding its declining contribution to GDP. FX So far in September, the CBN’s gross foreign exchange reserves has shed US$1.19 billion, 2.75% of its
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