Eight Banks Earn N26.73bn From International Trade Transactions         Eight Nigerian banks have earned a total of N26.73bn from commissions charged on Letters of Credit issued for international trade transactions from January to September. Analysis of the third-quarter financial reports of the eight banks indicated that this...

Six Lending Banks Boost Economy With N1.3trn Credit In 2020         Efforts to grow the nation’s economy has received a boost from the banking sector as six leading banks injected additional N1.337 trillion through loans and advances to their customers across all sectors of the economy...

Stock Market Down By N42bn On Profit-taking         The Nigerian equity market returned to negative territory on Wednesday as investors began to take profits to increase capital gains. Key market indicators, the Nigerian Stock Exchange All-Share Index declined by 0.3 per cent as bargain hunters widen sell-offs...

Stock Market Extends Gains By N55bn          Nigerian stock market sustained its positive outlook on Tuesday to begin the month of December on a positive note as the All-Share Index and the market capitalisation rose further by 0.30 per cent each. Market watchers attributed the development to...

In Nine Months, 12 Banks Earn N133.92bn From E-payments         Increased investment in technology and the introduction of new online payment channels have earned Nigerian banks N133.92bn. The adoption of electronic channels for financial transactions earned 12 Deposit Money Banks about N133.92bn revenue in the first nine...

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...