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Top 5 banks’ earnings rise above N1.5trn, profit up by 39.4%

Financial results of five leading banks listed on the Nigerian Exchange Limited (NGX) show that the combined gross earnings grew marginally.

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Despite the backdrop of the positive growth reported for the Nigerian economy in the second quarter 2021 amidst the adverse effect of the COVID-19 pandemic and the drop in Nigeria oil production, the few numbers of commercial banks have recorded impressive growth in their revenues.

Findings by Techeconomy.ng from the financial results of five leading banks listed on the Nigerian Exchange Limited (NGX) show that the combined gross earnings grew marginally.

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