Banks ignore negative real returns to increase holdings of govt securities

9’M 2021: Tier one banks generate N71.9bn from account maintenance charges

The tier 1 banks in Nigeria, generates N71.9 billion from account maintenance charged on their customers’ accounts.

Nigeria’s biggest banks were more concerned about their exposure to risk than the return on their investment in the first quarter of 2021 as their investment in government securities rose faster than their lending to the economy. Despite the negative real return, the five tier-one lenders raise

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