Nigerian Banks' Interest Income Hits N4.6 Trillion in Q1 2026

In the first quarter of 2026, the combined interest income of Zenith Bank Plc (NGX: ZENITHBANK), Access Holdings Plc (NGX: ACCESSCORP), and eight other banks reached N4.6 trillion, marking an 8.2% increase from N4.3 trillion in the corresponding period of 2025. Access Holdings emerged as the top earner with N824.75 billion, despite a decrease compared to the previous year.

Zenith Bank followed closely with N869.1 billion, reflecting a 3.8% increase from N837.64 billion in Q1 2025. Other notable performances included United Bank for Africa Plc (NGX: UBA) with N641.1 billion, Ecobank with N561.08 billion, and Guaranty Trust Holding Company Plc (NGX: GTCO) with N466.5 billion.

The banks' earnings were achieved amid persistent macroeconomic pressures, including elevated lending rates and a stable foreign exchange market. The Central Bank of Nigeria's Monetary Policy Committee maintained the monetary policy rate at 27% during this period, aiming to stabilize the economy and control inflationary pressures.