As is typical in the sector, some institutions flourished despite banking challenges across the country, while some suffered sub-optimally performances.
Spearheaded by the Central Bank of Nigeria, and its new Naira note designs, the banking sector in the heart of Africa experienced an eventful and busy Q3 for 2022.
According to the research, “13 banks raked in a sum of N298.84 billion as post-tax profit between July and September 2022, representing an increase of 29.9% compared to N228.54 billion recorded in the corresponding period of 2021.”
