8 banks spend N4.61t on salaries, operations – Report
The total expenses of eight Nigerian banks soared to N4.61 trillion in 2024, driven by increases in both personnel and operating costs. The data reveals a 107.8 per cent rise from N2.2 trillion in 2023, highlighting the growing financial pressure on the banking sector. This was based on the annual results of the financial institutions filed with the Nigerian Exchange …