Banks in Nigeria
SummaryBanks in Nigeria industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The 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.
- The Nigerian banks industry group recorded assets of $315.5 billion in 2023, representing a compound annual growth rate (CAGR) of 4.7% between 2018 and 2023.
- The bank credit segment accounted for the industry group's largest proportion in 2023, with total assets of $97.4 billion, equivalent to 30.9% of the industry group's overall value.
- In 2023, the revenue growth of the Nigerian banks industry group contracted by 5.6% due to the economic slowdown, high inflation, and a hike in interest rates which deteriorated the demand for loans.
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 by both value and volume
Reasons To Buy
- What was the size of the Nigeria banks market by value in 2023?
- What will be the size of the Nigeria banks market in 2028?
- 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?
MarketLine, a world-leading provider of commercial intelligence, has over 400 experienced analysts, consultants, and researchers with regional and sector expertise in market sizing, competitor tracking, socio and macro economics, and business drivers.
For more than 15 years MarketLine has supported the research needs of investment banks, corporations, professional services firms, and academia with a unique mix of company, industry, country, city and financial data for every major industry and marketplace.
MarketLine’ holistic business intelligence report collection includes:
Industry Intelligence
‒ Industry Profiles
‒ Market Forecasts
‒ Porter’s Five Forces Analysis
Company Intelligence
‒ Company Profiles
‒ SWOT Analysis
‒ Financial Deals
Country and City Intelligence
‒ Country and City Profiles
‒ PEST/PESTLE Analysis
‒ Socio and macro-economic indicators
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.