Money
Festus Akanbi’s review of Polaris Bank’s second year performance scorecard shows its improved profitability was driven by the combination of the significant reduction in interest expense due to the bank’s pursuit of low interest-bearing deposits as well as lowering impairment charges on loans and other financial assets
It is a fact that Nigerians and other members of the international community are still settling down to the ‘new normal’, a term used to describe the drastic change in the hitherto conventional ways of doing things.
In Nigeria, both public and private business endeavours are compelled to tune their operations to reflect the realities, which the COVID-19 pandemic and the attendant worsening economic situation have unleashed on the Nigerian people.