{
  "id": 19414104,
  "title": "Lending, Govt Securities Gain Lifts Nine Banks Interest Income to N12.9tn",
  "url": "https://urgent.news/2026/11/10/lending-govt-securities-gain-lifts-nine-banks-interest-income-to-n12",
  "topic": "world",
  "section": "World",
  "published": "2026-11-10T23:37:00.000Z",
  "source": {
    "name": "This Day",
    "slug": "this-day",
    "url": "https://www.thisdaylive.com/2026/11/11/lending-govt-securities-gain-lifts-nine-banks-interest-income-to-n12-9tn/"
  },
  "original_language": "en",
  "account": "From September 2025 to September 2026, nine Nigerian deposit money banks collectively generated an impressive N12.9 trillion in interest income, marking a slight 0.9% increase compared to the previous year's N12.75 trillion. Access Holdings Plc led the charge, reporting N3.1 trillion in interest income, a notable 6.9% rise from N2.9 trillion in the same period last year. Driven by loans and advances to customers, Access Holdings' performance was a key factor in the sector's growth. Other banks also reported varying levels of growth, with Zenith Bank, Ecobank Transnational Incorporated, First Holdco Plc, Guaranty Trust Holding Company Plc, Wema Bank Plc, Sterling Financial Holdings Company Plc, and Abbey Bank Plc all contributing to the overall increase. Despite the increase, the average maximum lending rate in Nigeria rose from 29.84% to 32.62%, reflecting the global trend of higher interest rates in African economies. This rise, while not ideal for businesses and customers seeking credit, is often a response to high inflation or a weakening currency, strategies employed by central banks to stabilize their economies.",
  "summary": "Kayode Tokede On the back of encouraging interest on lending to customers and yield on government securities, Access Holdings Plc and eight other deposit money banks generated N12.9 trillion interest income",
  "key_points": [
    "Nine Nigerian banks earned N12.9tn in interest income from September 2025 to September 2026",
    "Access Holdings Plc led with N3.1tn, a 6.9% increase from N2.9tn the previous year",
    "Average maximum lending rate in Nigeria rose from 29.84% to 32.62%"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}