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.
Why the biggest banks in Nigeria are too big to fail.
Banks' earnings from account maintenance charges, though low when compared to other revenue streams, still make up a significant portion of their non-interest income.
Now that more Nigerians are increasingly resorting to digital banking, there is an even greater chance that banks will start earning more income from e-banking fees. Experts...
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.
It's just one full week of business at the Nigerian Stock Exchange and stocks are already 9.51% up, one of the best performers in the world...
On May 16th the Nigerian Stock Exchange welcomed a big elephant into the bourse. MTN with a market cap of about N1.8 trillion was expected to...