In Lagos, the most populous city in Nigeria, the banking sector is forecast to grow 15 percent year-on-year. It could grow more in other cities, like Lagos, that have more citizens. It could grow up to 25 percent more. This information was predicted by a top investment banking analyst, RenCap. RenCap's predictions come from other positive trends in the banking system recently, especially with the on-going clean-up process on banks' toxic assets being undertaken by the Asset Management Corporation of Nigeria (AMCON). The analyst's report incorporates coverage on: Zenith Bank plc, First Bank plc, Access Bank plc, Diamond Bank plc, Guaranty Trust Bank (GTB) plc, and United Bank for Africa (UBA) plc, Skye Bank plc, First City Monument Bank (FCMB) plc and Fidelity Bank plc. The report indicated that macro economy and politics look good for the next few years. These positive trends for Nigeria's banks is something to look forward to for Nigerians. These predictions also indicated a "fresh" and "clean" start for the banking cycle.
Pretty cool post. It’s really very nice and useful post.Thanks for sharing this with us!it’s my first visit.
ReplyDeleteweb hosting services