Monday, July 22, 2024

NBFIs remain sound, profitable amid challenges

The Non-Bank Financial Institutions Regulatory Authority (NBFIRA) says while the 2022/2023 reporting period was characterised by increasing geo-political tensions, above normal inflationary pressures, tight monetary policy stance and subsequent sluggish economic growth, the country’s non-bank financial institutions (NBFI) sector continued to be relatively profitable, stable and resilient.

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