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Fitch: T-Bill Supply Slowdown May Hurt Nigerian Bank Profits

Fitch: T-Bill Supply Slowdown May Hurt Nigerian Bank Profits (The following statement was released by the rating agency) LONDON, January 04 (Fitch) Nigerian banks may find it more difficult to sustain profitability given the decline in net treasury bill (T-bill) issuance in Nigeria's 1Q18 issuance programme, Fitch Ratings says. The slowdown in T-bill issuance marks a change of strategy as the government looks to increase its financing from external sources and longer-dated domestic issuances. Record T-bill issuance in 2017 helped support the Central Bank
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Added January 04, 2018
from Reuters Nigeria