Nigerian Banks' Assets Reach N180.37 Trillion in 2026

According to a report by EnterpriseNGR, the total assets of Deposit Money Banks in Nigeria increased to N180.37 trillion, representing 41.8% of the country's nominal Gross Domestic Product (GDP). The report indicates that the financial services sector remains resilient despite inflationary pressures and ongoing economic reforms aimed at restoring investor confidence.

The financial services sector contributed N1.50 trillion in company income tax, accounting for 30% of total tax collections. Additionally, the Nigerian Exchange (NGX) share index rose by 51.19% in 2025, with market capitalization increasing from N99.38 trillion to N129.21 trillion by the end of the first quarter of 2026.

The insurance sector also experienced growth, with gross premiums written rising by 47.3% to N2.30 trillion. Obi Ibekwe, Chief Executive Officer of EnterpriseNGR, described the report as a tool for policymakers and business leaders to enhance investor confidence and unlock the full potential of Nigeria's financial services sector.