Banks in Nigeria industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Banking industry involves the activities of banks and similar institutions that offer financial services such as savings, loans, mortgages, and related services to businesses and consumers. Market value represents the total assets held by banks or related institutions in a country in a year. The market share represents the total asset held by the companies in the specific year. Geographical segmentation measures the total assets held by commercial banks of a particular region.
- The Nigerian banking industry recorded assets of $293.5 billion in 2024, representing a compound annual growth rate (CAGR) of 0.9% between 2019 and 2024.
- The bank credit segment accounted for the industry's largest proportion in 2024, with total assets of $89.8 billion, equivalent to 30.6% of the industry's overall value.
- The Nigerian banking industry appeared to contract in 2024 when measured in US dollar terms, primarily due to the depreciation of the Nigerian naira against the dollar, which offset the industry’s actual growth in local currency terms.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the banks market in Nigeria
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the banks market in Nigeria
- Leading company profiles reveal details of key banks market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Nigeria banks market with five year forecasts
Reasons to Buy
- What was the size of the Nigeria banks market by value in 2024?
- What will be the size of the Nigeria banks market in 2029?
- What factors are affecting the strength of competition in the Nigeria banks market?
- How has the market performed over the last five years?
- Who are the top competitors in Nigeria's banks market?
Table of Contents
1 Executive Summary
2 Market Overview
3 Market Data
4 Market Segmentation
5 Market Outlook
6 Five Forces Analysis
7 Competitive Landscape
8 Company Profiles
9 Macroeconomic Indicators
10 Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Access Bank Plc
- United Bank for Africa Plc
- FBN Holdings Plc
- Zenith Bank Plc
