…Kenyan, South African, Egyptian, and Moroccan lenders extend earnings growth
Nigeria's banking sector, once the continent's standout profit story, is losing momentum.
After posting record earnings over the past two years on the back of naira devaluation gains and elevated interest rates, the country's biggest lenders are now facing a sharp reality check. Profit growth is slowing, impairment charges are rising, and the extraordinary gains generated by macroeconomic distortions are fading.
