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NIGERIAN BANKING SECTOR
Access Holdings Plc is considering exiting at least one of its foreign markets as Nigeria’s largest lender by assets moves to comply with Central Bank of Nigeria (CBN) regulations limiting banks’ equity investments in overseas subsidiaries.
Abbey Bank Plc reported a pre-tax profit of N3.23 billion for the nine months ended September 30, 2026, representing an increase of 112.63% from N1.52 billion in the corresponding period of 2025.
Wema Bank Plc has released its unaudited financial results for the nine months ended September 30, 2026, reporting a pre-tax profit of N258.64 billion, representing a 76.62% increase from N146.43 billion in the corresponding period of 2025.
Zenith Bank Group reported pre-tax profit of N928.80 billion for the nine months ended September 2026, up 1.24% from N917.41 billion in the corresponding period of 2025.
First HoldCo Plc’s recoveries surged by 1,502.8% to N94.31 billion in the nine months ended September 30, 2026, from N5.88 billion in the corresponding period of 2025, even as the amount recorded in the third quarter fell sharply to N2.42 billion.
Fidelity Bank Plc has successfully redeemed its 5-Year US$400 million Senior Unsecured Notes at maturity, reaffirming its commitment...
Ecobank Transnational Incorporated (ETI) reported a pre-tax profit of N1.01 trillion for the nine months ended September 30, 2026, representing a marginal decline of 0.41% from N1.015 trillion in the corresponding period of 2025.
Sterling Financial Holdings Company Plc reported a pre-tax profit of N97.28 billion in its unaudited financial results for the nine months ended 30 September 2026, representing an increase of 37.09% from N70.96 billion recorded in the corresponding period of 2025.
Guaranty Trust Holding Company Plc’s (GTCO) Ghana subsidiary generated N112.91 billion in profit after tax in the first nine months of 2026, making it the largest earnings contributor among the group’s reported offshore banking operations.
Guaranty Trust Holding Company Plc (GTCO) recorded a 2.32% decline in pre-tax profit to N879.90 billion for the nine months ended September 30, 2026, compared with N900.80 billion in the corresponding period of 2025, as rising funding costs weighed on earnings.
Stanbic IBTC Holdings Plc’s eight subsidiaries with separately reported financial results generated a combined profit before tax of approximately N113.37 billion in the nine months ended September 30, 2026.
After two decades of acquisition-led growth, one of Africa's most widely spread banking groups has made returns, not reach, its measure of success.