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Banks lose N725bn deposits to low interest rates

Of debtor, law enforcer, Nigerian banking and inernational perception

A London-based economic and political risk analyst that I have known for more than 10 years reached out to me a couple of weeks ago to ask this poignant question: “What’s going on in your country banking industry?” I wasn’t sure what he was after this time as he often calls me up to catch up on political and economic developments in Nigeria, whenever he was researching to do a report for clients.

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