Zenith Bank, Nigeria's leading financial institution, reported earnings of N291.8 billion from commissions and fees in the 2025 financial year. The figure, disclosed in its annual financial statements, marks a significant revenue stream for the tier-1 lender. Total revenue for the year reached N1.2 trillion, with the bank attributing part of its performance to non-interest income. Zenith Bank's managing director, Ebenezer Onyeagwu, highlighted the contribution of commissions and fees to the overall financial health. The bank's gross earnings rose by 10% compared to the previous year, reflecting resilience amid economic challenges.
Ebenezer Onyeagwu's focus on commissions and fees as a key revenue driver underscores how banking profits now hinge on charges rather than core lending. This means Nigerians face steeper costs for basic transactions, from transfers to account maintenance, with no guarantee of better services in return.
