The banking sector in Nigeria, report 2020

DUBLIN, February 24, 2020 / PRNewswire / – The “The banking sector in Nigeria report was added to ResearchAndMarkets.com offer.

This report on from Nigeria The banking sector covers financial institutions which include banks, other lending, leasing, loyalty and reward programs, as well as central banks. The report includes comprehensive information on the state and size of the industry and the factors influencing it.

There are profiles of 34 companies including the major banks First Bank of Nigeria, Guaranty Trust Bank, United Bank for Africa, Access Bank, Polaris Bank, Ecobank Nigeria and Zenith Bank. TAJ Bank, which was licensed in 2019, is also featured, as is Unity Bank, which is trying to raise funds from foreign investors to recapitalize.

The banking sector in Nigeria

from Nigeria the banking sector is the second in sub-Saharan Africa behind South Africa. Total assets were worth 39.6 trillion naira (naira) in August 2019. Some small and medium-sized Nigerian banks are struggling to replenish their capital levels after a drop in oil prices triggered a foreign exchange shortage, and a recession in 2016 made it difficult for businesses to repay loans.

Some commentators have said that the big banks were guilty of reckless lending to the oil sector when oil prices were high. After the fall, oil prices recovered and banks again extended credit to the sector. High unemployment, sluggish economic growth and vulnerability to oil prices remain areas of concern.

Investment deterrents

Corporate governance is seen as one of the biggest challenges facing Nigerian banks, and financial mismanagement or senior management misconduct has hampered their performance and sustainability. No foreign bank has entered the sector in the past 10 years. The regulations of the central bank state that the total investment of foreign banks in any of the top 10 local banks must not exceed 10% of their total capital. The from the United Kingdom HSBC and UBS Switzerland are gone Nigeria in june 2018.

Key topics covered

1. Introduction

2. Country information

3. Description of the industry
3.1. Industry value chain
3.2. Geographical position

4. Industry size

5. State of the industry
5.1. Local
5.1.1. Corporate actions
5.1.2. Regulations
5.1.3. Business development and economic and social development
5.2. Continental
5.3. International

6. Influencing factors
6.1. Economic environment
6.2. Government initiatives
6.3. Financial inclusion
6.4. Operating costs
6.5. Information Technology (IT), Research & Development and Innovation
6.6. Environmental, social and governance (ESG) factors
6.7. Terrorism and security
6.8. Workforce
6.9. Cybercrime and fraud

7. Competition
7.1. Barriers to entry

8. SWOT analysis

9. Outlook

10. Industry associations

Companies mentioned

  • Abbey Mortgage Bank Plc
  • Access Bank Plc
  • Aso Savings & Loans Plc
  • Agricultural Bank SA
  • Bank of Industry Ltd
  • Central Bank of Nigeria
  • Coronation Merchant Bank Ltd.
  • Deap Capital Management & Trust Plc
  • Ecobank Nigeria Ltd
  • FCMB Plc Group
  • Federal Mortgage Bank of Nigeria
  • Fidelity Bank Plc
  • First Bank Of Nigeria Ltd
  • FSDH Merchant Bank Ltd
  • Guarantee Trust Bank Plc
  • Infinity Trust Mortgage Bank Plc
  • Infrastructure Bank Plc (The)
  • Jaiz Bank Plc
  • Letshego Mfb Nigeria Ltd
  • Multivest Microfinance Bank Ltd
  • National Economic Reconstruction Fund (The)
  • Nigerian Import-Export Bank
  • Omoluabi Mortgage Bank Plc
  • Polaris Bank Ltd.
  • Rand Merchant Bank Nigeria Ltd
  • Stanbic Ibtc Bank Plc
  • Standard Chartered Bank Nigeria Ltd
  • Sterling Bank Plc
  • Taj Bank Ltd
  • Union Bank Of Nigeria Plc
  • United Bank for Africa Plc
  • Unity Bank Plc
  • Wema Bank Plc
  • Zenith Bank Plc

For more information on this report, visit https://www.researchandmarkets.com/r/nosy1t

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