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Nigerian banks charged account upkeep fees amounting to N209.18 billion in Q1 2026Zenith Bank, Access Holdings, GTCO, First Holdco, and UBA were the leading fee generatorsTotal banking sector fee and commission income was up in double-digit growth
Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
Nigerian banks collectively generated a sum of N209.18 billion from account maintenance charges for the first quarter of 2026. This figure represents a 14.07 per cent increase from the N183.37 billion earned during the same period last year.
These figures were compiled based on unaudited financials of 11 listed banks on the Nigerian Exchange (NGX).
Nigerian banks post strong growth in fee and commission income Photo: BloombergSource: Getty Images
An examination of the banks’ unaudited financial results further revealed that total fee and commission income across the sector increased to N984.47
