Nigerian Banks Earn N7.2 Trillion in Q1 2026

In the first quarter of 2026, twelve banks in Nigeria reported a combined gross earnings of N7.2 trillion, marking an 8.8% increase from N6.4 trillion in the same period in 2025. This growth was significantly influenced by the Central Bank of Nigeria's (CBN) monetary policy tightening, which led to higher interest income.

Notable banks included Access Holdings Plc, which recorded N1.375 trillion in gross earnings, and United Bank for Africa Plc, which posted N801.46 billion, reflecting a 4.86% increase from Q1 2025. Guaranty Trust Holding Company Plc reported N527.3 billion, an increase of nearly 18%.

Cumulatively, these banks achieved a profit before tax of N2.14 trillion, a 15.4% rise compared to N1.86 trillion in Q1 2025. Analysts view this performance as a testament to the resilience of the banking sector, indicating future opportunities for investors despite regulatory and economic challenges.