Nigerian banks raked in a sum of N216.52 billion from their e-business earnings in the year 2020.
The Central Bank debited banks a whopping N8.3 trillion as CRR provisions in 2020 up 58% YoY.
It may not be too long before we see one of the potential contender groups produce the next biggest bank in Nigeria.
Bank MD/CEOs in Nigeria earned a combined N1.5 billion in salaries in 2020.
Nairametrics analysed the best banks in Nigeria based on their performance in 2020.
Access Bank is valued much less than its peers and this is why.
The revenue increase of these banks is attributable to a number of factors.
The FUGAZ generated a sum of N67.3 billion from electronic business during their half-year 2020.
In total, the CBN now holds a total of N6.57 trillion in CRR debits from the nation's top 5 banks
Banks will continue to report relatively robust profitability (compared to the other listed segments) and dividends.