
Zenith Bank







The newly introduced cybersecurity levy by the Central Bank of Nigeria has added to the list of charges and levies Nigerians pay on electronic transfers.

The Central Bank of Nigeria has mandated financial institutions to begin 0.5% deductions on electronic bank transfers after the resumption of charges on deposits

The Nigerian government has directed commercial banks to begin charging stamp duty on mortgage-backed loans on all accounts effective January 2024.

Commercial banks and other financial institutions have reintroduced charges on cash deposits for individuals and corporate accounts nationwide after deadline ended,

Nigerian banks have begun implementing the Central Bank of Nigeria (CBN) order to close customers' bank accounts if they lack the necessary identification.

In the 2023 financial year, five tier-1 banks, including Access, Zenith, UBA, GTB and First Bank, collectively amassed revenues amounting to N9.51 trillion.

Access Bank, Zenith Bank, and two other commercial banks in the country have announced a gross earning of N7.99 trillion for 2023 financial year and FX gains.

According to its recently released statement, Zenith Bank has declared a huge profit to the tune of N676 billion in 2023, from the N224 billion in the previous year

The combined operating expenses of ten Nigerian banks experienced a substantial increase, reaching N3.23tn in 2023, compared to N2.26tn in 2022...
Zenith Bank
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