FCMB Group leveraged a sharp expansion in interest income to drive a 52.3 per cent increase in net profit for the first nine months of the year, making it one of the few outliers that are still reporting a profit increase as the bottom line of Nigerian banks take a hit from a slide in currency revaluation gains.
Lenders in the country this year are witnessing a reversal of fortune in growing profit as the huge Foreign Exchange (FX) revaluation gains from devaluing the naira in…
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