Four of Nigeria’s biggest banks paid and hired more in 2025.
Access Holdings, United Bank for Africa (UBA) Plc, Zenith Bank, and Wema Bank grew their workforce by 12.75% to 33,675 employees, while total wages and salaries rose 27.49% to ₦1.05 trillion ($769.09 million), an analysis of their audited financial statements shows.
These banks collectively made ₦2.36 trillion ($1.73 billion) as profit for 2025.
The data shows that workers in the mid-to-upper income bracket, with 13,790 employees, the largest group, earned at least ₦718,125 monthly ($526) or ₦8.62 million ($6,314) annually.
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