Speaking in a ThisDay interview, outgoing Group Managing Director/Chief Executive Officer of the United Bank for Africa (UBA), Phillip Oduoza, said the sector holds tremendous potential for growth as the country is still "underbanked".
Well, that remains to be seen.
Here are the top 8 strongest banking brands in Nigeria and their equity market value based on their market capitalization. The Market Capitalization of a firm is its "equity value" and is often used by investors to determine the size and strength of a company when analyzing potential trade opportunities.
8. Union Bank - N84.5bn
7. United Bank for Africa, UBA - N131.7bn
6. FBN Holdings - N132.8bn
5. Access Bank - N139.7bn
4. Stanbic IBTC - N144.8bn
3. EcoBank - N276.3bn
2. Zenith Bank - N461.5bn
1. Guaranty Trust Bank, GTB - N551.2bn
Note: The data provided are as obtained from the National Stock Exchange, NSE on Saturday 14th of May, 2016. Click to signup for FREE news updates, latest information and hottest gists everyday
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Na today. No be so them deceive people some years ago about their financial status and shares only for most of the banks to go under with trillions of depositors money and shares that became almost worthless. They don come again kwo!
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