The bank’s profit after tax climbed to N314.02 billion. This robust performance placed Zenith Bank at the forefront of Nigeria’s financial landscape, where the combined profit before tax of seven major banks reached N1.6 trillion in Q1 2026.

Key financial highlights:

• Zenith Bank retained its position as Nigeria’s most profitable lender in Q1 2026.
• The combined profit after tax of these banks rose to N1.27 trillion.
• The aggregate profit before tax of the banks grew by 6.77% from N1.5 trillion in Q1 2025.
• The performance was buoyed by elevated yields on government securities and strong interest income from loans and advances.

The banking sector in Nigeria has shown resilience amid economic challenges such as inflationary pressures and exchange rate volatility. Despite these issues, Zenith Bank’s earnings growth remained steady, even with rising impairment charges and operating costs.

The Central Bank of Nigeria reported that as of March 6, 2026, 30 banks have met new minimum capital requirements. Access Holdings Plc also reported a profit before tax of N272.21 billion, up by 22.2% from the previous year.

This recapitalisation initiative, introduced in 2024, aims to reinforce the stability and long-term capacity of Nigeria’s banking system. Yet, Access Holdings noted a decline in interest income compared to Q1 2025.

The future remains uncertain as financial institutions navigate through these economic challenges while striving to maintain profitability and stability.

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“I really think it is important for Nigerians to look for a way to relax, even though I know that it’s difficult to find something that will make you smile when you look around,” stated Mrs. Cynthia Affiong during a recent interview with the News Agency of Nigeria (NAN). Her remarks came as many Nigerians gathered at the Airport Field amusement park in Calabar to celebrate Easter, a public holiday declared by the Federal Government.

Affiong’s comments reflect a growing concern regarding the mental health of Nigerians, particularly in light of the ongoing economic challenges faced by the country. She emphasized that waiting for the economy to improve might lead to costly health issues, underscoring the need for individuals to actively seek out ways to relax and enjoy life.

Mr. Timi John, who celebrated Easter with his children, echoed similar sentiments. “One would always find happiness within oneself to overcome the country’s challenges,” he remarked, highlighting the importance of inner resilience in difficult times. His perspective resonates with many who are striving to maintain a sense of normalcy and joy despite external pressures.

The atmosphere at the amusement park was one of joy and laughter, as families and friends came together to enjoy the festivities. Fun-seekers in Calabar were advised to embrace relaxation as a vital component of their well-being, especially during such trying times. The juxtaposition of celebration against a backdrop of economic hardship illustrates the complex emotional landscape many Nigerians navigate.

As the Easter holiday unfolded, it became clear that the need for mental health awareness is more pressing than ever. The advice from Affiong and John serves as a reminder that, even amidst adversity, finding moments of joy can be crucial for mental health. Their insights encourage a proactive approach to well-being, suggesting that individuals should not wait for external circumstances to improve before seeking happiness.

The discussions around mental health during this festive period highlight a broader societal issue. With many Nigerians facing economic strain, the importance of mental health awareness cannot be overstated. The remarks made during these interviews shed light on the necessity for communities to support one another in finding joy and relaxation.

As the celebrations conclude, the hope is that the messages shared by Affiong and John will resonate beyond the holiday, prompting ongoing conversations about mental health and well-being in Nigeria. The community’s response to these challenges will likely shape future initiatives aimed at promoting mental health awareness.

Details remain unconfirmed regarding any specific programs that may emerge from this heightened awareness, but the dialogue initiated during the Easter celebrations is expected to continue, fostering a culture of support and understanding around mental health issues in Nigeria.

The post Task: Mental Health Awareness in Calabar appeared first on Toprecruitment.

Nigeria’s socio-economic landscape is facing critical challenges as the Federal Government announced an increase in its borrowing plan for 2026 to N29.20 trillion. This decision, made public on April 6, 2026, marks an increase of N11.31 trillion from the previous projection of N17.89 trillion, reflecting the government’s response to ongoing economic pressures.

The total spending for Nigeria in 2026 is estimated at N68.32 trillion, with aggregate revenues projected at N36.87 trillion, resulting in a significant deficit of N31.46 trillion. Notably, debt service is expected to account for N15.81 trillion of the budget, raising concerns about the sustainability of Nigeria’s fiscal policies.

In addition to these financial challenges, Nigeria has been identified as Africa’s top food waster, losing approximately 38 million tonnes of food annually. This staggering figure highlights the inefficiencies in the agricultural sector and the urgent need for reforms to address food security and waste management. The Deputy Ambassador of the European Union emphasized that food loss and waste contribute up to 10 percent of global greenhouse gas emissions, underscoring the environmental implications of Nigeria’s food wastage.

Globally, the issue of food waste is alarming, with nearly one billion tonnes wasted in 2022, which represents almost one-fifth of all food available to consumers. This situation poses a direct threat to efforts aimed at combating hunger and protecting the planet’s health. Zissimos Vergos, a representative from the United Nations Industrial Development Organisation, remarked, “This is not just a loss of food, it is a squandering of precious resources, a missed opportunity to combat hunger, and a direct threat to our planet’s health.”

As Nigeria grapples with these socio-economic challenges, political leaders are calling for resilience and proactive measures to address the underlying issues. Ladipo Johnson, a spokesperson for the New Nigeria People’s Party, expressed deep concern over the ongoing insecurity and economic instability, stating, “Our hearts are heavy as we reflect on the senseless killings and attacks in Plateau State and other troubled regions across the federation.”

Johnson further asserted that the “stone of poor governance, economic instability, and fear currently blocking our path to greatness will be rolled away,” indicating a hopeful outlook for future reforms and improvements in governance.

Amid these developments, Mr. Joseph Amenaghawon criticized the current economic strategy, stating, “A generation borrowed but not invested in,” highlighting the need for a shift in focus towards sustainable economic growth and investment in critical sectors.

As the government prepares to implement its revised borrowing strategy, stakeholders and citizens alike are watching closely to see how these financial decisions will impact Nigeria’s economy and address the pressing issues of food waste and insecurity. Details remain unconfirmed regarding the specific measures that will accompany this increased borrowing, but the urgency for effective solutions is palpable.

The post The Punch: Nigeria’s Economic Challenges and Government Actions appeared first on Toprecruitment.