WHO ARE THE BIG SPENDERS IN Q1, 2020 ?

WHO ARE THE BIG SPENDERS IN Q1, 2020 ?

Nigerian Banks spent a total of N13.5 billion(34,871,985.00 USD) on marketing and advertising in Q1 2020.

Interestingly,the biggest spender was Fidelity Bank Plc, a tier-2 bank which  doled out  N2.6 billion ( 6,716,086.00 USD) on marketing, communication, and entertainment costs.

See full list  below;

  • Fidelity Bank Plc: N2.6 billion
  • FBN Holdings Plc: N2 billion
  • Guaranty Trust Bank Plc: N1.8 billion
  • Zenith Bank Plc: N1.8 billion
  • United Bank for Africa (UBA) Plc: N1.7 billion
  • Access Bank Plc: N1.4 billion
  • FCMB Group Plc: N790 million
  • Stanbic IBTC Holdings Plc: N394 million
  • Wema Bank Plc: N329 million
  • Union Bank of Nigeria Plc: N267 million
  • Sterling Bank Plc: N223 million

Source; Nairametrics

What is your forecast for Quarter 2,2020 ?

Featured Image source ; Nairametrics

 

Nosakhare Uwadiae,Esq