Business
SIX MAJOR NIGERIAN BANKS’ ASSETS HIT N195.08 TRILLION AS PROFITS RISE TO N3.11 TRILLION
Six of Nigeria’s largest listed banking groups grew their combined assets by N12.29 trillion to N195.08 trillion as of September 30, 2026, while profit after tax for the banks with comparable nine month data increased to N3.11 trillion. First HoldCo and Zenith accounted for about 73 percent of the total asset increase, prompting analysts to warn that the expansion remains concentrated and that the real test will be whether larger balance sheets translate into stronger earnings, asset quality and capital adequacy. Punch Newspapers
BigV•4h ago•1 min read