* Risk NGX sanctions
WorldStage– Five of the six first-tier banks in Nigeria failed to file in their 2025 audited annual financial statements by March 31, 2026, risking sanctions from the Nigeria Exchange Group (NGX) and others.
First HoldCo Plc, United Bank for Africa Plc, Access Holdings Plc, Zenith Bank Plc, and Ecobank Transnational Incorporated missed their regulatory filing dates, according to the NGX latest compliance report.
Listed companies, NGX’s rulebook prescribes, must file in their audited annual report latest 90 days after their financial year ends.
But the five banks filed theirs after the deadline, following notices they published informing the NGX and the public of the likely delays.
The five are among the six banks many consider ‘too big to fail’ – because they control about 70 percent of the assets, capitalization, customers, and turnovers in Nigeria’s banking industry.
Records of non-compliance and sanctions revealed listed companies paid over N500 million in fines for past non-compliance. Others had their name in the NGX delisting watch list.
No fewer than 12 banks failed to file in their statement by the deadline this year. Among them are Stanbic IBTC Holdings Plc, Sterling Financial Holdings Company Plc, Jaiz Bank, FCMB, Wema Bank Plc, Fidelity Bank Plc, and Unity Bank Plc.
