US EditionCitibank Nigeria: The Mystery of Multiplying Gains - InsideBusiness - Business News in Nigeria
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Citibank Nigeria: The Mystery of Multiplying Gains - InsideBusiness - Business News in Nigeria
Citibank Nigeria Limited operated a model of less ventured, more gained in 2024 in its asset and resource deployment strategy. The bank’s management reduced its already lean credit portfolio by 16.5 per cent to N225.7 billion in the year, but interest earnings surged by 146.6 per cent to N175.7 billion. With no interest-yielding investment securities on its books, the bank recorded an average interest yield of approximately 78 per cent for the y…
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