Smaller Nigerian Banks Beat Big Rivals in Earnings Growth
*Wema, Stanbic, Sterling see nine-month profits jump 160% Some mid-sized Nigerian banks more than doubled their combined earnings in the
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Money
Fidelity Bank Exits Trillion-Naira Club, Posts First-Half Profit Drop in Seven Years
Fidelity Bank Plc, one of Nigeria’s mid-sized banking groups, has fallen out of the trillion naira valuation club after its
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Zenith Bank’s Loan Book Shrinks to N9.37trn Amid Decline in Profit
Zenith Bank, Nigeria’s second biggest bank by market capitalisation, saw its loans and advances to customers drop to N9.37 trillion
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FirstBank’s Parent FirstHoldCo Posts 24% Decline in Nine-Month Profit
First HoldCo, the parent company of First Bank of Nigeria, reported a profit after tax of N450.87 billion in the
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Fintech HabariPay Becomes GTCO’s Most Profitable Non-Banking Unit
HabariPay Limited, the fintech subsidiary of Guaranty Trust Holding Company (GTCO), overtook the group’s asset management business to become its
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Access Bank’s Fintech Hydrogen Triples Half-Year Profit
Hydrogen Payment Services Company Limited, the fintech arm of Access Bank, reported a 306% jump in half-year profit. Its profit
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Nigeria’s Biggest Banks Post Rare Profit Decline as FX Gains Fade
Nigeria’s biggest banks posted a rare decline in profits in the first half of 2025 as the foreign exchange gains
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Nigeria’s Top Bank Access Holdings Posts 23% Drop in Half-Year Profit
Access Holdings, the parent of Nigeria’s biggest lender by assets Access Bank, reported a profit after tax of N215.92 billion
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Moniepoint Raises Fresh $200m One Year After Unicorn Status
Moniepoint Inc. has announced it has raised over $200 million in equity financing in a recently closed Series C funding
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Nigerian Banks See Biggest Fall in Africa’s Top 100 Ranking
*Combined Tier 1 capital plunges 45.6% Three Nigerian lenders — Union Bank of Nigeria, Stanbic IBTC Bank, and Ecobank Nigeria
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