NGX Banking Sector: Q1 2026 Performance Review
An in-depth look at how Nigerian banks performed in the first quarter of 2026, including earnings surprises, dividend announcements, and outlook
Adebayo Ogundimu8 May 20261 min read
Overview
The Nigerian banking sector delivered mixed results in Q1 2026, with tier-1 banks outperforming smaller lenders amid tightening monetary policy.
Top Performers
GTCO led the pack with a 23% price appreciation, followed by Zenith Bank at 18%. Access Holdings showed resilience despite regulatory headwinds.
Dividend Season
Several banks announced generous dividends, with yields ranging from 8% to 12% — among the highest in the market.
