Nine Nigerian Banks generated N14.26 Trillion in interest income in 2024

Nine of Nigeria’s leading banks generated a combined N14.26 trillion in interest income in 2024, reflecting a 119.55 percent increase from N6.49 trillion in 2023.   This is according to the audited financial statements submitted to the Nigerian Exchange Limited (NGX) by Access Holdings, First Holdco (parent company of FirstBank), Guaranty Trust Holding Company (GTCO),…

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Climate Change Kills Capitalism

Image by Jon Tyson. Capitalism, like Antarctica and like the Amazon rainforest, is under threat of destruction by excessive levels of CO2 emissions which cause radical climate change. Risk of some level of extinction of capitalism goes to the heart of a recent article written by Gunther Thallinger, Member of the Board of Management of…

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