Nigeria's leading finance and market intelligence news report.

Nigerian Banks’ Q1 20 profit increases slightly amid regulatory headwinds

Twelve Nigerian banks grew profit 3 percent in the first three months of the year at N262.1billion from N253.87billion amid regulatory headwinds that have continued to squeeze lenders’ deposits with the Central Bank of Nigeria (CBN) and the impact of COVID-19 in the latter part of the period. Nigeria’s biggest bank by asset, Zenith Bank’s…

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