Nigerian Banks’ Record Profits Propel Tech Fund Contributions to N34.3 Billion in 2024

In 2024, Nigeria’s banking sector witnessed a significant surge in profitability, leading to a substantial increase in contributions to the Nigeria Information Technology Development Fund (NITDEF). Six major banks collectively contributed N34.3 billion to the fund, marking a 57% rise from the N21.8 billion recorded in 2023.​ Banks’ Contributions Reflect Profit Growth The six banks [...]

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