UBA, Access Bank, 10 others make over N334bn profit in Q1 2022, pay N53bn tax
Nigerian banks recorded an impressive first quarter of 2022, with 12 reporting a profit before tax of N334 billion. This was an increase of 13.7per cent when compared to N293.5 billion reported in the first quarter of 2021. However, out of the profit recorded the banks paid a combined N52.4 billion tax to the federal … [Read more…]