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Nigeria Banking & Financial Services Report Q3 2017

BMI View:

The Nigerian banking and financial services sector has been impacted negatively over recentyears owing to weak macroeconomic growth, wild currency fluctuations and interruptions to oil production.We expect the brightening economic outlook for the Nigerian economy in 2017 will herald a small butpositive shift in the industry, most notably for banks, supported by flexibility in the foreign exchange ratedetermination.

Our outlook for the growth of the Nigerian banking and financial services sector over coming years isbrightening as rising oil prices and production and diminishing liquidity constraints ensure the sector as awhole remains stable and avoids a repeat of the 2009 crisis. Legislation introduced after the crisis toimprove the oversight of the sector saw its regulatory environment improve significantly and, while issuesremain, we highlight the government continues to take steps to improve regulatory clarity for investors.The banking sector is expected to remain broadly stable as an uptick in the Nigerian economy drivespositive profit growth for most banks. Non-performing loans remain the most salient risk to the stability ofthe banking sector, though we anticipate only a modest uptick in these over 2017.


BMI Industry View
Banking & Financial Services Industry View
Table: Financial Services Forecasts (Nigeria 2015-2020)
Table: Financial Services Forecasts (Nigeria 2021-2026)
SWOT
Banking & Financial Services
Banking
Banking Snapshot
Forecast Scenario
Table: Nigeria - Banking Sector Risk Snapshot
Table: Key Banking Forecasts (Nigeria 2015-2021)
Forecast Tables
Table: Assets Forecasts (Nigeria 2015-2020)
Table: Assets Forecasts (Nigeria 2021-2026)
Table: Liabilities Forecasts (Nigeria 2015-2020)
Table: Liabilities Forecasts (Nigeria 2021-2026)
Table: Key Ratios Forecasts (Nigeria 2015-2026)
Competitive Landscape
Table: Top 10 Commercial And Retail Banks By Total Assets, NGNmn
Table: Top 10 Banks - Asset Quality
Table: Top 10 Banks - Earnings & Profitability
Table: Top 10 Banks - Capital & Leverage
Table: Top 10 Banks - Funding & Liquidity
Regulatory Environment
Insurance
Insurance Snapshot
Table: Gross Insurance Premiums Written (Nigeria 2015-2020)
Table: Gross Insurance Premiums Written (Nigeria 2021-2026)
Competitive Landscape
Table: Top 10 Non-Life Insurance Companies By Gross Premiums, USDmn
Regulatory Environment
Asset Management
Asset Management Snapshot
Competitive Landscape
Regulatory Environment
Stock Exchanges
Stock Exchanges Snapshot
Competitive Landscape
Regulatory Environment
Macroeconomic Overview
Economic Growth Outlook
Macroeconomic Forecasts
Table: Macroeconomic Indicators (Nigeria 2016-2026)
Household Income Forecasts
Table: Household Income Data (Nigeria 2015-2021)
Demographic Forecast
Demographic Outlook
Table: Population Headline Indicators (Nigeria 1990-2025)
Table: Key Population Ratios (Nigeria 1990-2025)
Table: Urban/Rural Population & Life Expectancy (Nigeria 1990-2025)
Table: Population By Age Group (Nigeria 1990-2025)
Table: Population By Age Group % (Nigeria 1990-2025)
Methodology
Industry Forecast Methodology
Sector-Specific Methodology

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