Nigerian banks' combined profit fell 16% in 2025 as currency windfalls faded, leaving Nigeria the only major African market where bank earnings shrank.
NIGERIA · MARKETS
Key Facts
—The shift: Combined 2025 profit at Nigeria’s biggest lenders fell 16.4% to 2.24 billion dollars, from 2.68 billion in 2024.
—The outlier: Nigeria was the only major African banking market where earnings shrank, even as peers grew.
—The peers: Kenyan bank profits rose 28.9%, South African 14.9%, Moroccan 13.9% and Egyptian 4.4%, per a BusinessDay analysis.
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