GTCO tops 2023 profit margins for Nigerian banks

After tax, 12 NGX-listed Nigerian banks retained 10% - 45% of their respective revenues for the year as profit, with GTCO in the lead.

Despite Zenith Bank leading in profit after tax with nearly ₦677 billion, GTCO recorded the highest profit margin, keeping 45% of its revenue.

Here are Nigerian banks' profit margins in 2023.

Source:

Nigerian Exchange (NGX)

Period:

2023
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