Zenith Bank, Seven Others Surmount Fintech Competition, Generate N165.27bn from e-Banking Income in Q1 2025 Kayode Tokede
Despite the threat posed by Fintech companies, which entice customers with zero charges on cash deposits and transfers, Access Holdings Plc,
United Bank for Africa Plc (UBA), and six other top Nigerian banks were able to generate N165.27 billion from electronic-banking income in the first quarter of 2025. This represents an increase of 22.3
per cent from the N135.08 billion the eight banks reported in the first quarter of 2024. The six other banks are: Zenith Bank Plc, FBN Holdings Plc, Stanbic IBTC Holdings Plc, FCMB Group
Plc, Wema Bank Plc, and GTCO Plc. THISDAY gathered that the increase in electronic banking income from Point of Sales (PoS), Unstructured Supplementary Service Data (USSD), Automated
Teller Machine (ATM), and Internet banking contributed to the significant increase in fees and commission on the backdrop of growth in customers’ base. Nigerian banks are competing
with Fintech companies such as MoMo Payment Service Bank (MoMo PSB), a Fintech subsidiary of MTN Nigeria, Airtel SmartCash, Continued on page 5
Nigeria’s Enemies will Soon Be Brought to Their Knees, COAS Vows… Page 10 Sunday, May 18, 2025 Vol 30. No 10998
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End to Rivers Crisis in Sight as Wike Insists Fubara Remains His Political Son Says he’s only fighting those inciting suspended gov against him Debunks alleged 2027 presidential ambition, insists he won’t contest against Tinubu
Chuks Okocha in Abuja
An end to the political crisis in Rivers State seems to be in sight as
the Minister of the Federal Capital Territory (FCT), Mr. Nyesom Wike, has dismissed the feud between him and the suspended governor
of the state, Siminalayi Fubara, insisting that Fubara remains his political son. Wike, who clarified that he
was not fighting Fubara but those pushing the suspended governor against him, also debunked insinuations that he would pick
the presidential ticket of the Peoples Democratic Party (PDP) to battle against President Bola Tinubu in the 2027 presidential election.
Speaking yesterday in an interview with BBC News Continued on page 5
North-West APC Adopts Tinubu as Sole Candidate Ruling party offers North-west govs automatic tickets Barau, Ganduje insist no vacancy in Aso Rock
STRATEGISING AHEAD OF 2027...
See story on page 5
L-R: Jigawa State Governor, Umar Namadi; Kebbi State Governor, Nasir Idris; Kaduna State Governor, Uba Sani; National Chairman, All Progressives Congress, Dr Abdullahi Ganduje; and Speaker of the House of Representatives, Tajudeen Abbas, at the North-west APC stakeholders’ meeting in Kaduna…yesterday.
Ofili Joins Amusan as World Record Holders… Page 63