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, Access Holdings Plc, 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 with N641.1 billion, Ecobank with N561.08 billion, and Guaranty Trust Holding Company Plc 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.