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Lower loan-loss charges lift Nigerian banks’ profits as interest earnings shrink

Lower credit impairment charges emerged as the biggest source of profit support for eight Nigerian Exchange-listed banking groups in the nine months ended September 2026, even as their combined net…

  • Lower loan-loss charges increased Nigerian banks' profits by 14.2%
  • Combined net impairment charges dropped 48.1% to N977 billion
  • Interest income marginally grew 0.7%, while interest expenses rose 5.1%

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