Nigerian banks demonstrated greater efficiency in utilising owners to generate earnings as the return delivered on shareholders’ fund accelerated to a 5-year high in the first quarter of 2019.
The return on equity of all the 13 listed banks on the Nigerian Stock Exchange climbed marginally to 4.16 percent in the review quarter.
The figure is 0.04 percent higher than the 4.12 percent recorded in the previous comparable period.
The return on equity ratio is a key efficiency indicator that evaluates he ability of a company to generate profit from its shareholders investment.
