By Taiye Olayemi
Nigeria’s Deposit Money Banks (DMBs) have recorded total assets of N180.37 trillion, representing 41.8 per cent of the country’s nominal Gross Domestic Product (GDP), according to the 2026 State of Enterprise Report.
The report, released by EnterpriseNGR in Lagos on Tuesday, said the Financial and Professional Services (FPS) sector remained resilient in spite of inflationary pressures, tight monetary conditions, exchange rate adjustments and ongoing structural reforms.
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It said the financial and insurance sector emerged as the country’s largest contributor to Company Income Tax (CIT), accounting for N1.50 trillion or 30 per cent of total collections, while contributing an additional N421 billion in Value Added Tax (VAT).
According to the report, the Nigerian capital market posted one of its strongest performances in recent years, with the NGX All-Share Index gaining 51.19 per cent in 2025 and sustaining the rally into the first quarter of 2026.
It added
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