The half-year (H1) earnings season for Nigerian banks has underscored the fading era of bumper foreign exchange (FX) windfalls that defined much of 2023 and 2024.
With the naira trading relatively stable in the first six months of 2025, banks are struggling to replicate the outsize FX-driven profits, which had previously boosted their bottom lines in 2024 and 2023.
For United Bank for Africa (UBA), pre-tax profit stood at N388.4 billion for H1 ended June 30, 2025. This represents a marginal 3.3 percent decline from the N401.6 billion post
