The impressive profit growth recorded by several Nigerian banks in 2024 is making a significant impact on the country’s technology ecosystem, as their contributions to the Nigeria Information Technology Development Fund (NITDEF) surged by 57% year-on-year to N34.3 billion.
This is according to the analysis of the 2024 audited financial results of six commercial banks.
The banks include Zenith Bank Plc, Guaranty Trust Holding Company Plc, United Bank for Africa Plc, Fidelity Bank Plc, Stanbic IBTC Holdings Plc and Wema Bank Plc.,