25 Banks’ Profits Fall By N482bn As CBN Restricts N9.5trn Deposits       Twenty commercial banks and five merchant banks’ profits dropped by N482 billion in 12 months over N9.5 trillion cash restriction policy implemented by the Central Bank of Nigeria (CBN), the 2021 Banking Industry Report...

Despite COVID-19 Harsh Conditions, Banks’ Profits Rise To N677bn       Despite the economic meltdown caused by the COVID-19 pandemic, the nine months 2020 financial results of 12 commercial banks have shown that they recorded a combined profit of N677.149 billion for the period that ended on...