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Tag: N376 Billion

Five Banks’ Interest Income Drops To N376bn, Experts Blame CBN Cash Reserve Policy

Five Banks’ Interest Income Drops To N376bn, Experts Blame CBN Cash Reserve Policy       The combined net interest income of five publicly-quoted commercial banks has declined by N48.69bn in the last one year, according to the financial statements of the lenders analysed by our correspondent. Specifically, the...

Stock Market Rebounds, Records N376bn Weekly Gain

Stock Market Rebounds, Records N376bn Weekly Gain       Stock trading on the floor of the Nigerian Exchange Limited rallied with a total gain of N375.50bn last week despite the lower trade volume occasioned by the public holidays on Tuesday and Wednesday. The NGX All-Share Index closed 1.90...