Bloomberg Nigeria’s banking industry is experiencing a “full blown financial crisis†as failed fiscal and monetary policies lead to a credit crunch, according to Arqaam Capital. Unity Bank Plc and Skye Bank Plc are close to being insolvent while lenders FBN Holdings Plc and Sterling Bank Plc “will need a dilutive capital hike,†Jaap Meijer and Tarek Sleiman, analysts ...
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