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