Nigeria, May 8 -- Nigeria's banking sector is reaping the benefits of a high-interest-rate environment, posting its biggest growth in interest income and gross earnings, despite loan provisions that impacted earnings in 2025.

According to the 2025 audited financial statements for Zenith Bank, First HoldCo, GTCO, Access Holdings Plc, UBA, FCMB Group, Stanbic IBTC, Wema Bank, Sterling Holdco, and Ecobank Transnational Incorporated, the industry is thriving on elevated yields rather than broad-based credit growth.

The financial data indicate that 70.7 per cent of gross revenue came from interest income, underscoring the tight link between profitability and monetary conditions. 29 per cent was generated from non-interest income and trading ...