FBN Holdings reported a 125.8 per cent rise in net profit in the nine months to September, helped by a series of interest rate hikes by the Central Bank of Nigeria that allows lenders to charge more for loans.
The financial services group earned 164.6 per cent more in interest income compared to the same period of last year, its financial report issued on Tuesday showed.
Net interest income, a key performance metric which indicates the difference between what banks generate from…
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