Summary
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.
Synopsis
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.
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 $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.
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
Reasons to buy
- 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?
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Table of Contents
Executive Summary
Market value
Market value forecast
Category segmentation
Geography segmentation
Market rivalry
Market Overview
Market definition
Market analysis
Market Data
Market value
Market Segmentation
Category segmentation
Geography segmentation
Market Outlook
Market value forecast
Five Forces Analysis
Summary
Buyer power
Supplier power
New entrants
Threat of substitutes
Degree of rivalry
Leading Companies
Access Bank Plc
First Bank of Nigeria Ltd.
Guaranty Trust Bank plc
Zenith Bank Plc
Macroeconomic Indicators
Country data
Methodology
Industry associations
Related MarketLine research
Appendix
About MarketLine
List of Tables
Table 1: Nigeria banks industry value: $ billion, 2012–16
Table 2: Nigeria banks industry category segmentation: $ billion, 2016
Table 3: Nigeria banks industry geography segmentation: $ billion, 2016
Table 4: Nigeria banks industry value forecast: $ billion, 2016–21
Table 5: Access Bank Plc: key facts
Table 6: Access Bank Plc: key financials ($)
Table 7: Access Bank Plc: key financials (NGN)
Table 8: Access Bank Plc: key financial ratios
Table 9: First Bank of Nigeria Ltd.: key facts
Table 10: First Bank of Nigeria Ltd.: key financials ($)
Table 11: First Bank of Nigeria Ltd.: key financials (NGN)
Table 12: First Bank of Nigeria Ltd.: key financial ratios
Table 13: Guaranty Trust Bank plc: key facts
Table 14: Guaranty Trust Bank plc: key financials ($)
Table 15: Guaranty Trust Bank plc: key financials (NGN)
Table 16: Guaranty Trust Bank plc: key financial ratios
Table 17: Zenith Bank Plc: key facts
Table 18: Zenith Bank Plc: key financials ($)
Table 19: Zenith Bank Plc: key financials (NGN)
Table 20: Zenith Bank Plc: key financial ratios
Table 21: Nigeria size of population (million), 2012–16
Table 22: Nigeria gdp (constant 2005 prices, $ billion), 2012–16
Table 23: Nigeria gdp (current prices, $ billion), 2012–16
Table 24: Nigeria inflation, 2012–16
Table 25: Nigeria consumer price index (absolute), 2012–16
Table 26: Nigeria exchange rate, 2012–16
List of Figures
Figure 1: Nigeria banks industry value: $ billion, 2012–16
Figure 2: Nigeria banks industry category segmentation: % share, by value, 2016
Figure 3: Nigeria banks industry geography segmentation: % share, by value, 2016
Figure 4: Nigeria banks industry value forecast: $ billion, 2016–21
Figure 5: Forces driving competition in the banks industry in Nigeria, 2016
Figure 6: Drivers of buyer power in the banks industry in Nigeria, 2016
Figure 7: Drivers of supplier power in the banks industry in Nigeria, 2016
Figure 8: Factors influencing the likelihood of new entrants in the banks industry in Nigeria, 2016
Figure 9: Factors influencing the threat of substitutes in the banks industry in Nigeria, 2016
Figure 10: Drivers of degree of rivalry in the banks industry in Nigeria, 2016
Figure 11: Access Bank Plc: revenues & profitability
Figure 12: Access Bank Plc: assets & liabilities
Figure 13: First Bank of Nigeria Ltd.: revenues & profitability
Figure 14: First Bank of Nigeria Ltd.: assets & liabilities
Figure 15: Guaranty Trust Bank plc: revenues & profitability
Figure 16: Guaranty Trust Bank plc: assets & liabilities
Figure 17: Zenith Bank Plc: revenues & profitability
Figure 18: Zenith Bank Plc: assets & liabilities
