> ## Content Index
> Fetch the complete content index at: https://www.theglobalbanker.com/llms.txt
> Use this file to discover other available public pages before exploring further.

# Nigeria's banks lose momentum as African banking profits rise overall
- URL: https://www.theglobalbanker.com/nigerias-banks-lost-momentum-as-african-banking-profits-rose-overall/
- Published: 2026-06-11T01:13:11.000Z
- Updated: 2026-10-02T00:06:43.000Z
- Description: African banking sector profits rose regionally, but Nigerian banks posted weaker earnings after two years of strong gains driven by naira devaluation and high interest rates, according to BusinessDay.
- Author: TGB Editorial Team
- Tags: Banking News, Africa

African banks reported stronger profits across the region while Nigeria emerged as an exception, according to BusinessDay, with Nigerian banks' earnings contracting in 2025 after two years of record earnings.

#### REGIONAL PROFIT GROWTH

BusinessDay said Kenyan, South African, Egyptian and Moroccan lenders extended their earnings growth.

#### WHY NIGERIA BECAME AN OUTLIER

By contrast, BusinessDay said Nigerian banks posted a contraction in 2025 earnings after two years of record results. Those earlier gains had been underpinned in large part by **naira devaluation gains** and the boost to margins from **elevated interest rates**.

**Sources:** [BusinessDay ](https://businessday.ng/banking/article/african-banking-profits-rise-but-nigeria-bucks-the-trend/)