FCMB Group reported N32.59 billion profit after tax, the highest in five years despite a higher interest expense in the full year of 2022.
The bank’s profit grew 56 percent to N32.59 billion in the full year of 2022 from N20.91 billion in the full year of 2021.
FCMB’s interest expense surg
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Folake Balogun
Folake Balogun is a tech journalist covering Africa’s fast-growing digital economy with a strong focus on incisive analysis of startup trends, venture capital, and fintech innovation, while also exploring emerging technologies such as artificial intelligence and the future of connectivity by highlighting their economic and social impact.
