2021 Banking Survey is in the making

Covid-19 impact on Nigerian Banking Sector in 2021 Our annual survey of the Nigerian banks shows 2020 has witnessed an unprecedented year with advent of the corona virus (covid-19) pandemic which has raved the world and Nigerian economy and the banking sector is not spared. Because of the covid-19 pandemic, the International Monetary Fund (IMF) suggested that banks should not give dividend banks shareholders for now. Despite the challenging operating environment, the Nigerian banks were able to weather the storm. This year’s survey of the Nigerian banks carry put a simple analysis and presentation of how the banks were able to perform even with lockdown, unstable oil market and unfavorable external and internal factors they encountered in the sector. A major area of concerned during our painstaking research work was the persistent structural weakness in the core business of banks that makes it difficult for many of them to grow interest earnings for some years now. We explored the first half of the year performance and concluded with the banks full year report, we looked at areas such as the capitalization levels, assets, earnings abilities, deposit from customers and the profits the banks were able to declared. We were able to rate the banks performances comparing each other’s to see the position they fall into. This year's edition showcases the BANKER'S CEO OF THE YEAR AWARD