Exploring the Top 5 Most Profitable Companies in Nigeria for 2024 and 2025

Nigeria’s business landscape in 2024–2025 is marked by remarkable profitability, with its banking sector firmly at the forefront. The five most profitable companies are led by Zenith Bank Plc, which posted a staggering ₦1.03 trillion profit after tax. Close behind is Guaranty Trust Holding Company (GTCO) Plc, with ₦1.02 trillion, followed by United Bank for Africa (UBA) Plc at ₦766.57 billion, and Ecobank Transnational Inc. with ₦735.90 billion. First HoldCo Plc rounds out the list with ₦663.49 billion. These figures reflect the dominance and resilience of Nigerian banks, driven by increased revenues and successful foreign exchange operations. While the sector is dominated by banks, Dangote Cement Plc stands out as the most profitable non-financial company, occasionally ranking within the top five due to robust demand in the industrial sector. Collectively, these corporations set the standard for profitability and growth in the Nigerian economy.