
Zenith Bank







Three commercial banks have reported in the half-year financial statements that state governments borrowed about N46 billion in for salaries six months.

About 11 banks in Nigeria said they incurred about N1.67 trillion in non-performing loans in the first half of 2023, a 37% increase from the figure recorded in 2022.

The Central Bank of Nigeria has debited Zenith Bank, GTBank, UBA, First Bank, and six other commercial banks about N1.62 trillion for not meeting their CRR needs.

Nine Nigerian banks scooped about N154 billion from electronic transactions in the first half of 2023 according to the banks' financial reporting.

More than 12 Nigerian commercial banks have earned over N72 billion from maintenance charges on customers' accounts in the first six months of 2023.

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.

The United Bank for Africa (UBA) is partnering with the African Continental Free Trade Area (AfCTA) secretariat to provide about $6bn loans to small businesses.

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.

Commercial banks in Nigeria increased their borrowings from the Central Bank of Nigeria by 835% to N3.03 trillion in the 22 days in September 2023.
Zenith Bank
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