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See the list of top Nigerian banks with highest personnel costs in 2023

Ten Nigerian banks have spent about N589.88 billion on personnel costs in the first nine banksThe personnel costs include salaries, pensions, and other staff...
Business

Across the counter: Rising technology failures worsen banks’ ATM transactions

The unending complaints of failed Automated Teller Machine (ATM) transactions is creating more austerity for bank customers and threatening CBN’s financial inclusion drive.Business Hallmark...
Business

Why CBN debited N1.62 trillion from Zenith, UBA, GTB, others in 6 months

The Central Bank of Nigeria debited 10 banks about N1.62 trillion in the first six months of 2023The banks failed to maintain the mandatory...
Business

Top Nigerian banks by salaries in first six months of 2023

The Nigerian banking sector remains the highest employer of labor in the country, with over 90,000 employeesThe robust workforce means that billions are deposited...
Business

See how Access holdings recorded impressive financial performance

Access Holdings Plc has announced the release of its audited financial statements for the first half of 2023The report shows an impressive 58 percent...
Business

Why CBN removed N216 billion from Access Bank, Zenith, UBA, others in one month

The Central Bank of Nigeria (CBN) made huge deductions from deposits by commercial banks in June 2023Adenikinju Adeola, a member of the Monetary Policy...
Business

Six Nigerian banks generate N891bn from loans in first half of 2023

A total of six banks received N891 billion in the first half of the yearThe amount is 47.14% greater than the N605 billion in...
Business

Corporate titans battle for control of First Bank of Nigeria

An ownership and legal drama of epic proportion is currently unfolding in the high-stakes arena of Nigeria’s corporate banking, as business titans fight for...
Business

In-fighting among Otudeko, Otedola, others costs First Bank shareholders N61bn

Shareholders of First Bank of Nigeria (FBN) Holdings lost about eight per cent of their investment on Wednesday, as the rift between Oba Otudeko...
Business

See the 7 companies owned by Oba Otudeko, First Bank's new owner

Oba Otudeko, First Bank's newest shareholder, made the news following the announcement that he had acquired a majority stake in First BankThe move saw...
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