In Nine Months, Banks Generate N675.9bn Non-interest Income   A total of six banks generated N675.9bn from non-interest income in the first nine months of the year, an increase of about 12 per cent from N606bn generated by the banks in the same period last year. Non-interest...

7 Banks Gross N547bn Profit In Nine Months Results   Central Bank of Nigeria (CBN) N56bn higher than 2018 Rake in N44.7bn from account maintenance fees A breakdown of the cumulative nine months’ results of the seven banks that have so far submitted theirs to the...

Banks’ Contract Staff Rise To 46,235   The number of full-time workers in the banking industry has been on the decline as contract employees have doubled in the past two years, rising from 20,237 to 46,235, investigation has revealed. Figures obtained by our correspondent on Wednesday showed...

Six Banks Increase Market Dominance   The Concentration Ratio (CR) of the six largest banks in Nigeria with respect to deposits and assets stood at 60.31 and 59.74 per cent at the end of December 2018 respectively. This showed an increase, compared with the 57.68 and 63.68...

PFAs Invests N1.03trn Pension Funds In Banks   The Pension Funds Administrators increased the pension funds invested in the banking sector to N1.03tn as of the end of July. Figures obtained from the National Pension Commission revealed that this amounted to 11.03 per cent of the total...

Banks Record N49.4trn Online Transactions   Increase in alternative digital payment platforms has reduced the number of visits to banking halls as indicated by the reduced number of payments made by cheques in the first half of the year. The volume of cheques cleared by Nigerian banks...