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Nigerian banks rake N858bn profit as tier-2 lenders gain more ground

…GTBank, Zenith Bank’s profits account for over 44%

GTBank

Nigerian banks jointly increased their profit by more than a quarter to N858 billion in 2018, but that came with a price for the country’s biggest banks as they lost some ground to smaller lenders in the sector’s profitability war. The biggest banks, which are often regarded as tier-one lenders, grew their aggregate profit by…

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