First Bank
Nigerian banks in adherence to the Central Bank of Nigeria loan to deposit policy have announced that they collectively gave out loan of over N24 trillion.
Nigerian banks splurged billions on the compensation of their staff in the first six months of 2023, with United Bank of Africa leading, followed by Access Bank.
Access Holdings the parent company of Access Bank has recorded an impressive financial performance in the first six months of 2023 thanks to naira devaluation.
About eight commercial banks in Nigeria have recorded N79 billion in unclaimed dividends in the first half of 2023, representing an increase of 8% in six months.
First Bank, Fidelity Bank, Guarantee Trust Bank and First City Monument Banks have recorded about N478 billion in non-performing loans in H1 2023.
About 10 banks in Nigerian banks, led by Ecobank recorded about N1.19 trillion in salaries, charges, IT costs and other operating costs in the six months of 2023.
The Central Bank of Nigeria has debited commercial banks about N216 billion cash for the month of June primarily from Cash Reserve Ratio (CRR) of the banks.
Employees of Nigerian banks have announced that all bank branches will be shut beginning Tuesday, September 5, 2023, to join the two-day warning strike by NLC.
In the first six months of the year 2023 which ended on June 30, six banks reportedly generated N891.1bn collectively from loans and advances to consumers.
First Bank
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