Nigerian listed banks gave ₦20.97 billion to communities in 2024; Access, Zenith, UBA lead

Key Takeaways:

  • In 2024, ten publicly listed banks donated more than ₦20.97 billion to host communities.
  • Access Holdings Plc led the list with ₦6.74 billion, accounting for nearly 32% of total donations.
  • The top three banks (Access, Zenith, and UBA) contributed around ₦13.6 billion, or 65% of total donations.
  • Donations ranged between ₦113 million (Jaiz Bank) and ₦6.7 billion (Access Holdings).
  • Jaiz Bank donated the smallest proportion, 0.54%.

In 2024, Nigerian publicly listed banks donated ₦20.97 billion to local communities and charity groups, demonstrating their strong commitment to corporate social responsibility. Access Holdings PLC contributed the most with ₦6.74 billion, followed by Zenith Bank PLC with ₦4.93 billion. UBA and First HoldCo PLC made significant donations of ₦1.98 billion and ₦1.91 billion, respectively.

Other major donors included Fidelity Bank PLC (₦1.55 billion), Wema Bank PLC (₦1.27 billion), Stanbic IBTC Holdings (₦1.03 billion), GTCO (₦962.6 million), FCMB Group (₦495.2 million), and Jaiz Bank PLC (₦112.5 million). This data demonstrates the banking sector's growing commitment to social investment and long-term community engagement.

Source:

NGX, Banks Financial Report

Period:

2024
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GTCO declared ₦476b profit in H1 2025, with Nigeria contributing over 70% of African operations
  • Nigeria dominates with ₦339.6b, contributing over 70% of GTCO’s total profit after tax in Africa.
  • Ghana (₦61.9b) and Côte d’Ivoire (₦28.2b) followed as the strongest non-Nigerian subsidiaries.
  • Tanzania (₦46m) and Uganda (₦505m) contributed negligible profits compared to peers.
  • GTCO subsidiaries across Africa collectively generated around ₦476b profit after tax in the first half of 2025.
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