Tag
BANKS
News and analysis about banks
Banks and other financial institutions generated on behalf of the government, a total sum of N24.77 billion as VAT in 2020.
Thirteen Nigerian banks collectively spent a total of N413.49 billion on their staff between January and September 2020.
A survey has disclosed why banks and some governments are still skeptical about the use of cryptocurrencies.
Banks will continue to report relatively robust profitability (compared to the other listed segments) and dividends.
Bitcoin has already made significant ground on gold —going from whitepaper to over $200 billion.
The oil price crash coupled with border closures have worsened Nigeria’s FX deficit.
Nigerian Banks have taken to their media spaces to air their previously ignored innovations.
The OCC in America announced that it was working with banks and crypto firms on improving the technological cooperation in the financial system.
Banks and other financial institutions posted a 24% GDP Growth Rate for the First Quarter of 2020.
Nigerian banks did well to keep costs low in 2019, according to information gleaned from some of their financial statements that have been released.
At the end of the first MPC meeting for the year, which was concluded on 24 January, the committee decided to hike the CRR by 5% to 27.5%.
The FUGAZ attracted a huge volume of trades on the floor of the stock market as they traded in 147.32 million shares at N2.68 billion.