FCMB Group, the Nigerian financial services holding company led by banking executive Ladi Balogun, expects earnings to more than double in the first quarter of 2026, as its core banking business continues to post steady gains and support group-wide growth.
In its earnings forecast for the three months ended March 31, 2026 , the group said profit after tax is projected to rise to N62.55 billion 44.03 million, up from N28.77 billion 20.25 million a year earlier. Pretax profit is expected to reach N74.45 billion 52.43 million, compared with N31.34 billion 22.07 million in the first quarter of 2025 .
Earnings growth forecast despite higher costs
