Nigerian Banks Generate N10.77trn Despite Economic Challenges

Despite prevailing economic challenges, 10 Nigerian banks collectively generated N10.77 trillion in gross earnings in the first half of 2025, marking a 16.4% increase from the corresponding period in 2024. Zenith Bank emerged as the top earner with N2.52 trillion in gross earnings, driven by a 20% increase.

Dr. Adaora Umeoji, the Group Managing Director of Zenith Bank, attributed the growth to a high-interest income environment. Other banks like Ecobank, UBA, and GTCo also posted significant earnings growth, showcasing resilience in the face of economic headwinds.