By Obinna Chima
Despite the disruptive impact of the COVID-19 and the attendant lockdown, the nine months 2020 financial results of 13 commercial banks have shown that they raked in a total of N36.759 trillion as customers’ deposits.
This represented an increase of N6.931 trillion or 23 per cent as against the N29.828 trillion reported in the comparable period of 2019.
The banks are Zenith Bank, United Bank for Africa Plc, Access Bank Plc, Fidelity Bank Plc, FCMB, FBN Holdings, Guaranty Trust Bank Plc, Union Bank of Nigeria Plc, Ecobank Transnational Incorporated, Stanbic IBTC, Wema Bank, Unity Bank, and Sterling Bank Plc.
The results were compiled by THISDAY from the banks’ respective nine-month reports for the period, which the banks presented to the Nigerian Stock Exchange (NSE).
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As with most new years, people entered 2020 armed with plans and full of expectations. However, as the year comes to an end, the world is yet to recover from the blows it dealt.
The modus operandi of many things changed during the year because of the coronavirus, with social media habits also affected as more people spent time online following pandemic-induced lockdowns.
And partly because of this, new trends emerged on different social media platforms forming part of the year’s highlights. Here’s an inexhaustive list of hashtags that went viral during the year.
#WorldWarIII and #WWIII
2020 started on quite an interesting note. Just three days into the year, #WorldWarIII and #WWIII were trending on Twitter. After President Donald Trump ordered an airstrike that killed General Qasem Soleimani Iran’s second-in-command, the trend caught fire.
Information on the Company The Company would like to take this opportunity to share with its Shareholders an update on its operations and commercial developments. The Company has acquired a balanced portfolio of assets including Otakikpo, a producing asset with near term upside; OPL 276, a potential near-term producing asset with significant resource potential; OPL 310, where the world-class appraisal asset Ogo is located; and OPL 325, which provides additional exploration optionality. Otakikpo - producing asset Despite the wider impact of COVID-19, operations at Otakikpo continue to run effectively. For the first half of 2020, production from Otakikpo averaged approximately gross 5,676 bopd, (2,271 bopd net to LEKOIL Nigeria). This year, the Company announced the execution of definitive agreements for the next phase of the Otakikpo marginal field development. These definitive agreements comprise of service agreements with Schlumberger which cover th