Zenith Bank Reports ₦361 Billion Profit in Q1 2026

Zenith Bank Plc has established itself as a leading lender in Nigeria, reporting a 3% year-on-year increase in profit before tax to ₦361 billion for the first quarter of 2026, the highest among Nigeria's seven largest banks. The bank's total assets reached ₦32.01 trillion, a 1.8% increase from ₦31.46 trillion at the end of December 2025.

Customer deposits rose by 7.9% year-on-year to ₦24.47 trillion, while total shareholders’ equity surged 16.3% to ₦5.17 trillion. Zenith Bank's shares have increased over 104% year-to-date through July 23, 2026, raising its market capitalization to approximately ₦5.18 trillion.

The bank is also expanding its operations with a completed acquisition in Kenya and a newly opened subsidiary in Francophone West Africa, alongside plans for a London Stock Exchange listing in 2027. Its gross loans and advances to customers increased by 8.6% year-on-year to ₦12.04 trillion.