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Tier 1 Banks Extend Dominance Over Tier 2 Lenders

Lagos – Any moment from now, quoted companies and banks listed on the floor of the Nigerian Stock Exchange (NSE) will begin to submit their third quarter financials to the management and stockbrokers of the Exchange.

There are expectations that most tier 2 banks may be looking at increasing their performances to be able to compete with tier 1 banks that dominated them in the first quarter of the year.

The full first quarter 2018 unaudited results of banks have shown that the gap between the tier 1 and tier 2 banks in the country, in terms of market share, has continued to widen.

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