The half-year (H1) earnings season for Nigerian banks has underscored the fading era of bumper foreign exchange (FX) windfalls that defined much of 2023 and 2024.
With the naira trading relatively stable in the first six months of 2025, banks are struggling to replicate the outsize FX-driven prof
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David Olujinmi
David Olujinmi is a financial journalist, with a knack for reporting and analysing the capital markets. He has experience in reporting the Nigerian and African financial scene.
With a Bsc in Chemical Engineering from the Obafemi Awolowo University, he has a significant grasp of numbers that has aided his understanding of the financial context.
