According to Daily Trust research, despite Nigeria’s economic challenges, at least ten businesses made an incredible N2.5 trillion in profit in the first half of 2025.
This is despite though First HoldCo Plc, Oando Plc, and other leading businesses saw a decline in profits during that time.Daily Trust’s reviews of businesses in the financial, energy, telecommunication, food, and aviation sectors revealed a noticeable increase in revenue during the previous six months.Despite economic difficulties in important markets, the companies’ development was dependent on increased efficiency, net interest income, asset yields, and operational efficiency.
In its unaudited financial statements for the first half of 2025, Cobank Group reported a 23% year-over-year increase in profit before taxes to $398 million last week.
Despite economic headwinds in important areas, the Group managed to enhance efficiency and generate substantial growth.
The net revenue increased 12% year over year to $1.1 billion, while the cost-to-income ratio improved to 49.1%, the best result in over ten years.
83% of the $23.9 billion in customer deposits, which increased by $3.4 billion over the course of the year, were in low-cost current and savings accounts.
All of the Group’s markets had good regional performance.
The Francophone West Africa region saw a 12% increase in profit before taxes, reaching $176 million. Anglophone West Africa generated $175 million in pre-tax profit, a 19% rise propelled by Ghana’s favorable
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