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Sector intelligence

Banking & Financial Services

Nigerian banks rode the high-rate cycle to strong margins. As rates turn and recapitalisation reshapes the field, 2026 demands a pivot from rate-spread reliance to fee income, digital and disciplined deployment of fresh capital.

Indicator
MPR 26.5% (first cut Feb 2026)
Indicator
Sector NIMs expanded sharply through 2024–25
Indicator
Recapitalisation programme reshaping competitive field
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Digital payments deepening structurally
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