Nigerian banking assets to hit N58trn In 2021- Report

Three premium banks raked in N65bn gain on stocks in May

Ike Chioke, the group managing director Afrinvest, has projected that the Nigerian banking sector is stable and positioned for growth with the total Nigerian banking assets expected to grow by 14.3 per cent to N54.3 trillion by the end of the year, with further growth projections in 2021. Speaking at the launch of Afrinvest 2020 Nigerian Banking Sector Report titled: ‘The Insecurity challenges of poverty’ in Lagos, yesterday, Chioke said excerpts from the report expressed optimism in the banking industry. “Total industry asset, we are projecting that the industry would…

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