FirstHoldCo and GTCO Prepare for Q3 Earnings in Nigeria
Nigeria's third-quarter earnings season is set to reveal whether the earnings momentum observed in the first half of 2026 can be maintained. The focus for the FUGAZ banks (FirstHoldCo, GTCO, UBA, Access Holdings, and Zenith Bank) will be on core banking income, non-interest income, and credit quality.
FirstHoldCo is projected to report a Q3 PBT of N300–350 billion, following an H1 PBT increase of 83.5 percent to N653.5 billion. GTCO's Q3 PBT is expected to be between N285–325 billion, reflecting a modest H1 PBT increase of 0.4 percent.
UBA anticipates a Q3 PBT of N150–185 billion, needing stronger performance to maintain shareholder returns. Access Holdings projects a Q3 PBT of N250–300 billion, while Zenith Bank expects between N330–380 billion, supported by a 44.53 percent rise in net fee and commission income.
The results will indicate how well these banks can navigate current economic pressures.
Plus234Feed summary based on reporting from The Will. Read the original report below.
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