Business

Exclusive: Banks CSR donations fall by 70% in 2022

Thirteen publicly listed banks in Nigeria spent a sum of N7.2 billion on corporate social responsibility (CSR) in 2022, a notable 70% decrease compared to N23.9 billion incurred in the previous year.  


This is according to data tracked and compiled by Nairalytics, the research arm of Nairametrics from the audited reports of the banks. 


Corporate social responsibility is a way for businesses to contribute to the social, economic, and environmental well-being of their stakeholders and society at large.