GTBank’s 2025 Downturn: How Nigeria’s Banking Leader Lost Its Crown

The first quarter of 2025 saw GTBank lose its status as Nigeria’s most profitable bank. Its parent company reported a 14.9% drop in after-tax profits to ₦865.75 billion. Zenith Bank claimed the lead with ₦1.04 trillion, and Ecobank rose to second place with ₦950 billion. This shift exposes weaknesses in GTBank’s strategic execution under CEO Miriam Olusanya. While competitors navigated tight monetary policy and fiscal changes to grow, GTBank’s profits slipped. Adaora Umeojie led Zenith to record performance, and Ecobank posted a 29% surge. GTBank’s Nigerian subsidiary suffered a projected 25–30% decline in full-year profits. Operating costs rose without matching revenue gains. High interest rates that boosted rivals failed to prevent this slump. As competition intensifies, GTBank must rethink its strategy. Shareholders demand results rather than assurances. Bold leadership and decisive action will be crucial for the bank to regain its crown.

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