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.

GTCO’s H1 2025 performance highlights Nigeria as the undisputed profit hub, accounting for nearly three-quarters of group earnings. Ghana and Côte d’Ivoire provided meaningful regional support, with ₦61.9b and ₦28.2b, respectively, showing strong market traction. In contrast, smaller subsidiaries such as Tanzania and Uganda delivered minimal returns, underscoring the uneven profit distribution across GTCO’s African operations. Overall, the bank’s ₦476b profit in H1 2025 reflects its strong reliance on Nigeria, with select West African markets showing promise for diversification.

Source:

GTCO financial results

Period:

H1 2025
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