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Ecobank, Access, GTCO lead a list of seven Nigerian banks that collectively paid N674.68bn in taxes to the federal government in the first half of 2025.
Investors lose as Nigerian stocks fall 0.12%, with banking and industrial shares dragging the market lower, while turnover drops to N16.72 billion on Tuesday.
Access Bank, Zenith Bank and 7 other Nigerian banks’ interest earnings surge to N14.72 trillion in nine months, driven by a high-interest environment.
Nigerian banks have issued fresh deadlines to customers to regularise their accounts by linking their tax IDs and national identification numbers before January 1.
Five Nigerian banks have emerged as the highest-paying banks in 2025, with employee compensation totaling about 644.01 billion as of June this year.
A top Nigerian bank is leading the list of banks with highest fraud cases in 2025, withN1.64 billion reported in the first half of the year alone, despite tech.
On Friday, Investors gained N395 billion as the Nigerian Stock market closed the week higher, driven by strong performances from BUA Foods, NAHCO.
The Nigerian stock market’s weekly review revealed an interesting trend, with over N90 billion worth of shares traded, reflecting renewed investor confidence.
The Central Bank of Nigeria has published an updated lending rate of both prime and maximum cross Nigerian banks after its decision to reduce MPR.
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