Moody’s: Weak Capital Buffers Reveal Tier 2 Banks’ Vulnerability

Moody’s: Weak Capital Buffers Reveal Tier 2 Banks’ Vulnerability

Nigerian businesses lose $25bn annually to power outages Obinna Chima in Lagos and Chineme Okafor in Abuja One of the leading global rating agencies, Moody’s Investor Service, yesterday pointed out that the smaller banks in Nigeria, commonly known as the tier 2 banks, are operating with weaker capital buffers, which indicate vulnerability of these banks. […]

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