Winning strategies for Nigerian banks to stay afloat in 2019

Recent data from Nigeria's National Bureau of Statistics has shown that 1,489 workers in the banking sector lost their jobs in the second quarter of 2017 despite signs of improving economic sentiments in the country.

According to a report by Ratings Agency Moody's, Nigerian banks stand to gain from moderating their foreign currency lending.

Recent data from the Nigeria Deposit Insurance Corporation shows that the total non-performing loans in the banking industry hit 2.42 trillion naira, at the end of September, the highest in 10 months.

Fitch ratings say operating conditions in Nigeria are recovering given improving oil prices. However, Fitch warns that the operating environment for banks is difficult with minimal sector loan growth and pressure on margins and capital.

Amid currently challenging macroeconomic dynamics in Nigeria as well as losses to bad loans among Nigerian banks, Chigozie Muogbo, Head of Research and Economic Intelligence at Diamond Bank joins CNBC Africa to discuss winning strategies banks can leverage to stay afloat in 2019.

RMB Nigeria Stockbrokers say the current valuations of Nigerian banks remain cheap despite headwinds facing the industry. Clement Adewuyi, Banking Analyst at RMB Nigeria Stockbrokers joins CNBC Africa to assess Nigeria’s banking sector.

Nigeria's National Bureau of Statistics says non-performing loans in Nigeria’s banking sector was at 10.83 per cent in the first quarter of the year. Muyiwa Oni, Regional Head of Equity Research at Standard Bank Group joins CNBC Africa for more.

Nigeria's National Bureau of Statistics says non-performing loans in Nigeria’s banking sector was at 10.83 per cent in the first quarter of the year. Muyiwa Oni, Regional Head of Equity Research at Standard Bank Group joins CNBC Africa for more.

Moody's Investors Service says meeting the Central Bank of Nigeria's (CNB) minimum requirement of 65 per cent Loan-to-Deposit ratio will be credit negative for the banks as they expect Nigerian banks to potentially make riskier loans to meet the LDR target by March. Peter Mushangwe, Banking Analyst at Moody’s joins CNBC Africa from London for more.

As more full-year earnings trickle in, Muyiwa Oni, Regional Head of Equity Research at Standard Bank Group joins CNBC Africa for more on the state of Nigeria's banking sector.

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This month marks a year since the Central Bank of Nigeria introduced the Loan-To-Deposit-Ratio policy. Nigeria's apex bank says banks total credit rose to 3.1 trillion naira on the performance of the LDR policy. Muyiwa Oni, Regional Head, Equity Research at Standard Bank Group joins CNBC Africa for more.