Banks Target Offshore To Boost Revenue, Hedge Domestic Risk

Nigerian banks have long sought avenues for offshore expansion to bolster their revenue streams and attract investment.

Recently, however, the impetus to seek global opportunities to hedge domestic risks has intensified. In 2023, three leading banks—Fidelity Bank, Zenith Bank, and Access Bank—took decisive steps as part of their expansionary strategies, expected to unlock value in the international market.

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