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FUGAZ banks lead financial boom with 57.6% growth, grossing N17.4trn  – Businessamlive

Summary by Businessamlive
Analysts raise concerns over limited trickle-down to real economy Onome Amuge Nigeria’s FUGAZ banks – First HoldCo Plc, UBA, GTCO, Access Holdings, and Zenith Bank – delivered another year of robust profit growth, as revealed in their full-year 2024 results. Notably, the combined gross earnings of these five largest lenders by capitalisation rose 57.6 per cent to N17.423 trillion, a significant jump from the N9.633 trillion recorded in the previ…
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Businessamlive broke the news in on Monday, April 21, 2025.
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