Seven banks spend over N173.99bn on staff in one year

Data show that seven Nigerian banks in 12 months committed over N173.99 billion on the salaries and wages of their staff.

This amount is 19.21 percent or N28.05 billion higher than the N145.95 billion that the banks spent on personnel in 2021.

The figure was obtained from the full-year results of the banks ending December 31, 2022 submitted to the Nigerian exchange.

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