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Page 23 - சூழல் வங்கி நாடுகடந்த இணைக்கப்பட்டது News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Banks Attract N37tn Deposits Despite COVID-19 Disruptions

By Obinna Chima Despite the disruptive impact of the COVID-19 and the attendant lockdown, the nine months 2020 financial results of 13 commercial banks have shown that they raked in a total of N36.759 trillion as customers’ deposits. This represented an increase of N6.931 trillion or 23 per cent as against the N29.828 trillion reported in the comparable period of 2019. The banks are Zenith Bank, United Bank for Africa Plc, Access Bank Plc, Fidelity Bank Plc, FCMB, FBN Holdings, Guaranty Trust Bank Plc, Union Bank of Nigeria Plc, Ecobank Transnational Incorporated, Stanbic IBTC, Wema Bank, Unity Bank, and Sterling Bank Plc. The results were compiled by THISDAY from the banks’ respective nine-month reports for the period, which the banks presented to the Nigerian Stock Exchange (NSE).

AfCFTA: We are well-positioned to make payments smooth for our customers - Ecobank Group CEO

The prices of major food items, such as bags of beans, pepper, tomatoes, eggs amongst others have witnessed a significant surge in Lagos State markets, while the price of local and foreign rice record a slight decrease. This is according to the latest market survey, carried out by Nairalytics Research – the research arm of Nairametrics.  According to the report, a big bag of brown beans that was initially sold for an average of N33,500, rose by 3.7% to sell for an average of N34,750. Also, the price of a big bag of honey beans increased by 7.02% to sell for an average of N24,750.

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