Banks Grapple with N3.77 Trillion in Loan Losses Since 2023 Amid Economic Challenges
On June 2, 2025, ten commercial banks listed on the Nigerian Exchange (NGX) reported cumulative loan impairment charges of N3.77 ...
Tag: bank
Nigerian Banks Face Slower Profit Growth as FX Windfalls Fade
Nigeria’s top commercial banks are witnessing a significant slowdown in profit growth in 2025, as the exceptional gains from currency ...
Access, Zenith, Six Other Banks Boost Investment Securities to ₦41.7tn in Q1 2025
Eight leading Nigerian banks expanded their investment securities portfolios to a combined ₦41.78 trillion in the first quarter of 2025, ...
Nigerian Banks Adjust Lending Rates in Response to Central Bank’s Policy
In reaction to the Central Bank of Nigeria's (CBN) recent hike in the Monetary Policy Rate (MPR), the financial services ...
NGX Ends First Week of June with Losses; Select Stocks Gain Over 20%
The Nigerian Exchange (NGX) closed the first week of June on a broadly negative note, with the market experiencing a ...
HSBC pre-tax profit climbed about 78% to $30.3 billion in 2023
HSBC, Europe’s largest bank by assets, reported a full-year 2023 pretax profit of $30.3 billion, marking a 78% increase from ...
JPMorgan Chase Announces $15 Billion Spending Spree on New Initiatives in 2023.
JPMorgan Chase, the largest bank in the United States, revealed plans for an extensive spending spree on new initiatives this ...
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