Nigeria Banks Market Summary, Competitive Analysis and Forecast to 2027
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Nigeria Banks Market @Summary, Competitive Analysis and Forecast to 2027
SUMMARY
Banks in Nigeria industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
KEY HIGHLIGHTS
SUMMARY
Banks in Nigeria industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
KEY HIGHLIGHTS
- 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 $337.2 billion in 2022, representing a compound annual growth rate (CAGR) of 15.2% between 2017 and 2022.
- The bank credit segment accounted for the industry group's largest proportion in 2022, with total assets of $98.8 billion, equivalent to 29.3% of the industry group's overall value.
- The Nigerian banks industry group has expanded recently owing to several factors, such as a robust regulatory framework, a growing economy, increasing interest rates, and a highly skilled labor population. According to in-house research, the real GDP annual growth of Nigeria stood at 2.9% in 2022.
- 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
- What was the size of the Nigeria banks market by value in 2022?
- What will be the size of the Nigeria banks market in 2027?
- 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?
1 EXECUTIVE SUMMARY
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive landscape
2 MARKET OVERVIEW
2.1. Market definition
2.2. Market analysis
3 MARKET DATA
3.1. Market value
4 MARKET SEGMENTATION
4.1. Category segmentation
4.2. Geography segmentation
5 MARKET OUTLOOK
5.1. Market value forecast
6 FIVE FORCES ANALYSIS
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 COMPETITIVE LANDSCAPE
7.1. Who are the leading players?
7.2. What are the strengths of the leading players?
7.3. What has been the recent M&A activity in the market?
8 COMPANY PROFILES
8.1. Access Holdings PLC
8.2. Zenith Bank Plc
8.3. FBN Holdings Plc
8.4. United Bank for Africa Plc
9 MACROECONOMIC INDICATORS
9.1. Country data
10 APPENDIX
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive landscape
2 MARKET OVERVIEW
2.1. Market definition
2.2. Market analysis
3 MARKET DATA
3.1. Market value
4 MARKET SEGMENTATION
4.1. Category segmentation
4.2. Geography segmentation
5 MARKET OUTLOOK
5.1. Market value forecast
6 FIVE FORCES ANALYSIS
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 COMPETITIVE LANDSCAPE
7.1. Who are the leading players?
7.2. What are the strengths of the leading players?
7.3. What has been the recent M&A activity in the market?
8 COMPANY PROFILES
8.1. Access Holdings PLC
8.2. Zenith Bank Plc
8.3. FBN Holdings Plc
8.4. United Bank for Africa Plc
9 MACROECONOMIC INDICATORS
9.1. Country data
10 APPENDIX
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
LIST OF TABLES
Table 1: Nigeria banks industry value: $ billion, 2017–22
Table 2: Nigeria banks industry category segmentation: % share, by value, 2017–2022
Table 3: Nigeria banks industry category segmentation: $ billion, 2017-2022
Table 4: Nigeria banks industry geography segmentation: $ billion, 2022
Table 5: Nigeria banks industry value forecast: $ billion, 2022–27
Table 6: Access Holdings PLC: key facts
Table 7: Access Holdings PLC: Annual Financial Ratios
Table 8: Access Holdings PLC: Key Employees
Table 9: Zenith Bank Plc: key facts
Table 10: Zenith Bank Plc: Annual Financial Ratios
Table 11: Zenith Bank Plc: Key Employees
Table 12: FBN Holdings Plc: key facts
Table 13: FBN Holdings Plc: Annual Financial Ratios
Table 14: FBN Holdings Plc: Key Employees
Table 15: United Bank for Africa Plc: key facts
Table 16: United Bank for Africa Plc: Annual Financial Ratios
Table 17: United Bank for Africa Plc: Key Employees
Table 18: United Bank for Africa Plc: Key Employees Continued
Table 19: Nigeria size of population (million), 2018–22
Table 20: Nigeria gdp (constant 2005 prices, $ billion), 2018–22
Table 21: Nigeria gdp (current prices, $ billion), 2018–22
Table 22: Nigeria inflation, 2018–22
Table 23: Nigeria consumer price index (absolute), 2018–22
Table 24: Nigeria exchange rate, 2018–22
Table 1: Nigeria banks industry value: $ billion, 2017–22
Table 2: Nigeria banks industry category segmentation: % share, by value, 2017–2022
Table 3: Nigeria banks industry category segmentation: $ billion, 2017-2022
Table 4: Nigeria banks industry geography segmentation: $ billion, 2022
Table 5: Nigeria banks industry value forecast: $ billion, 2022–27
Table 6: Access Holdings PLC: key facts
Table 7: Access Holdings PLC: Annual Financial Ratios
Table 8: Access Holdings PLC: Key Employees
Table 9: Zenith Bank Plc: key facts
Table 10: Zenith Bank Plc: Annual Financial Ratios
Table 11: Zenith Bank Plc: Key Employees
Table 12: FBN Holdings Plc: key facts
Table 13: FBN Holdings Plc: Annual Financial Ratios
Table 14: FBN Holdings Plc: Key Employees
Table 15: United Bank for Africa Plc: key facts
Table 16: United Bank for Africa Plc: Annual Financial Ratios
Table 17: United Bank for Africa Plc: Key Employees
Table 18: United Bank for Africa Plc: Key Employees Continued
Table 19: Nigeria size of population (million), 2018–22
Table 20: Nigeria gdp (constant 2005 prices, $ billion), 2018–22
Table 21: Nigeria gdp (current prices, $ billion), 2018–22
Table 22: Nigeria inflation, 2018–22
Table 23: Nigeria consumer price index (absolute), 2018–22
Table 24: Nigeria exchange rate, 2018–22
LIST OF FIGURES
Figure 1: Nigeria banks industry value: $ billion, 2017–22
Figure 2: Nigeria banks industry category segmentation: $ billion, 2017-2022
Figure 3: Nigeria banks industry geography segmentation: % share, by value, 2022
Figure 4: Nigeria banks industry value forecast: $ billion, 2022–27
Figure 5: Forces driving competition in the banks industry in Nigeria, 2022
Figure 6: Drivers of buyer power in the banks industry in Nigeria, 2022
Figure 7: Drivers of supplier power in the banks industry in Nigeria, 2022
Figure 8: Factors influencing the likelihood of new entrants in the banks industry in Nigeria, 2022
Figure 9: Factors influencing the threat of substitutes in the banks industry in Nigeria, 2022
Figure 10: Drivers of degree of rivalry in the banks industry in Nigeria, 2022
Figure 1: Nigeria banks industry value: $ billion, 2017–22
Figure 2: Nigeria banks industry category segmentation: $ billion, 2017-2022
Figure 3: Nigeria banks industry geography segmentation: % share, by value, 2022
Figure 4: Nigeria banks industry value forecast: $ billion, 2022–27
Figure 5: Forces driving competition in the banks industry in Nigeria, 2022
Figure 6: Drivers of buyer power in the banks industry in Nigeria, 2022
Figure 7: Drivers of supplier power in the banks industry in Nigeria, 2022
Figure 8: Factors influencing the likelihood of new entrants in the banks industry in Nigeria, 2022
Figure 9: Factors influencing the threat of substitutes in the banks industry in Nigeria, 2022
Figure 10: Drivers of degree of rivalry in the banks industry in Nigeria, 2022