Jaiz Bank spent the highest share of revenue on staff among NGX-listed banks

Jaiz Bank spent the highest share of revenue on staff in 2025.
Jaiz spent nearly ₦18 on staff for every ₦100 of revenue.
ETI and UBA followed with the next highest staff-cost-to-revenue ratios.
GTCO had the lowest staff-cost burden among the listed banks.
ETI spent the most in absolute staff costs, at ₦782.8 billion.

Among Nigeria’s listed banks, Jaiz Bank recorded the highest staff-cost-to-revenue ratio in 2025, spending nearly ₦18 on staff for every ₦100 of revenue.

Ecobank Transnational Incorporated (ETI) followed at 16%, while UBA ranked third at 12.2%. At the other end, GTCO recorded the lowest ratio at 4.7%, followed by Fidelity Bank at 5.3% and Zenith Bank at 7.0%.

In absolute terms, ETI had the largest staff cost at ₦782.8 billion, followed by Access Holdings at ₦504.2 billion and UBA at ₦376.3 billion.

Source:

Banks’ financial statements; Intelpoint calculations

Period:

2025
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