Banking hallBy Peter EgwuatuDespite the economic hardship being experienced by majority of Nigerians, banks’ vaults are bustling with customer deposits.
68 trillion recorded at the end of December 2023.
In the second quarter of the year, Q2’24 the banks’ deposits increased by14.3 percent to N33.
0 trillion at the end of June from N28.7 trillion in March 2024, QI’24.
The audited reports showed that the banking sector total deposits rose by 63 percent to about N115 trillion in the 2023 full year from N70.5 trillion in 2022.
The money supply has now risen by a whopping 65% in the last year from N64.8 trillion recorded in August 202..
News articles remains the property of the source. Tellbrief is a news aggregator.
