Banks in Nigeria industry profile provides top-line qualitative and quantitative summary information including: market size (value 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Essential resource for top-line data and analysis covering the Nigeria banks market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.
The banks industry profile comprises activities of banks and similar institutions, offering savings, loans, mortgages, and related financial services to consumers and businesses.
The Nigerian banks industry group had total assets of $112.5bn in 2016, representing a compound annual growth rate (CAGR) of 8% between 2012 and 2016.
The bank credit segment was the industry group's most lucrative in 2016, with total assets of $41.9bn, equivalent to 37.2% of the industry group's overall value.
Nigeria has a sizeable Muslim population and so Islamic banking offers opportunities. In May 2016, the Central Bank of Nigeria (CBN) granted the country’s first Islamic non-interest bank, Jaiz Bank PLC, a national license to operate in all 36 states, demonstrating this. The country's population is underbanked as a whole and this is certainly mirrored in the Islamic banking space. It has huge growth potential.
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
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What was the size of the Nigeria banks market by value in 2016?
What will be the size of the Nigeria banks market in 2021?
What factors are affecting the strength of competition in the Nigeria banks market?
How has the market performed over the last five years?
What are the main segments that make up Nigeria's banks market?