After benefiting from one-off gains triggered by the naira's sharp devaluation, banks are now returning to a more sustainable growth model built on stronger lending, digital banking and fee-based businesses, Pinnacle Daily analysis shows. An analysis of the audited financial statements of Access Holdings, Zenith Bank, United Bank for Africa (UBA), GTCO and First HoldCo …
Nigerian financial holding companies may need to raise billions of naira under the proposed new Central Bank of Nigeria (CBN) rules. A report released by Comercio Partners on Friday, June 19, shows that Access Holdings, GTCO and First Holdco face the largest capital shortfalls. The investment research firm stated that the CBN's June 10, 2026, …
The Russia-Ukraine war, changing political decisions in the United States and rising global tensions are reshaping how Nigerian banks manage risk. This global turmoil is pushing the banks to rethink everything from loan quality and collateral values to cybersecurity and liquidity planning, Pinnacle Daily can report. A review of 2025 audited financial reports of 11 …
The 2025 financial year has revealed a clear shift in where growth is coming from for two of Nigeria’s most valuable banks — Zenith Bank Group and Guaranty Trust Holding Company (GTCO). A review of their 2025 audited financial results revealed that while home operations in Nigeria and some developed markets like the United Kingdom …
Nigeria’s banking sector is approaching a decisive moment with just 77 days to the March 31, 2026, recapitalisation deadline. So far, about 22 licensed banks, approximately 65 per cent of the total, have confirmed full compliance with the Central Bank of Nigeria’s (CBN) minimum capital requirements. Tier-1 lenders make up the bulk of banks that …
FCMB Group Plc's profit before tax soared 46 per cent to ₦134.5 billion in the third quarter (Q3) of the year on stronger interest margins despite a decline in loans and advances to customers. The bank disclosed this in its unaudited financial statements for the nine months ended September 30, 2025. The results show that FCMB's …
