The combined interest income reported by seven of Nigeria's deposit money banks grew 25 percent in 2022, almost triple the 8.9 percent growth recorded in the previous year, on the back of bumper rate hikes, data collated by BusinessDay show.
The data were collated from the full-year 2022 financia
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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.
