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Banks’ Earnings Rise To N621bn
Nigerian banks have generated N620.89 billion in the third quarter of this year, Q3’22 from fees and commission income. This represents 21.5 per cent higher than the N510.99 billion they made under the same income line in the corresponding period of 2021. The banks include Zenith Bank Plc, Access Bank Plc, First Bank, Stanbic IBTC…
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Budget: Agencies Expected To Pay N22.6bn in 2022
According to data contained in the 2022 budget proposal, Deposit Money Banks and insurance companies are expected to rake in the sum of N22.6 billion in bank charges and insurance premiums from Ministries, Departments and Agencies of the Federal Government in 2022. A breakdown of the figure showed that the N22.6bn comprised N17.3bn projected for…
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Special Report: Is Your Bank Defrauding You?
The Central Bank Of Nigeria recently disclosed it had so far recovered N89.2 billion excess and illegal charges slammed on customers by banks in Nigeria following several reports from aggrieved customers. After the creation of the Consumer Protection Department in 2012, the Director for the unit revealed that between 2010 and 2014, CBN refunded N14.69…