THE COMPANY: Guaranty Trust Bank (GTB ank), with its business spanning Anglophone West Africa and the UK, is one of the most respected and service-focused banks in Nigeria. The bank currently has shares outstanding of over N29.4bn ($188.2m), translating to a market capitalisation of over N400bn ($2.56bn...
In June 2009, when Nigeria’s late President Umaru Yar’Adua offered an amnesty to the gun-toting militants of the country’s main oil producing region, the Niger Delta, many pundits were sceptical. Happily, they have been proved wrong, at least so far.
THE COMPANY: First Bank of Nigeria has diverse operations in the Nigerian financial services industry, rendering it a top financial service provider. The First Bank Group has 717 branches and 1600 automatic teller machines nationwide. It maintains strong ratings across the board and received a BS 25999...
Aspiring to join the ranks of the world’s top-20 economies by 2020, Nigeria’s growth trajectory is currently being impeded by one thing above all others: its small and dated electric power system. Government officials are aware of this, however, and solutions are high on the national “to-do” list, with some remedies already well in progress.
While demographics alone should mean there is plenty of room for growth, the industry’s recent performance has not been sufficient for it to reach the critical mass necessary to improve its image with clients and enhance its capacity to underwrite large risks. According to the Nigerian Insurance Association (NIA), insurance penetration (total...
With impressive economic growth rates in recent years, Nigeria is in need of transport infrastructure befitting an emerging powerhouse. Despite heavy congestion in its urban areas and seaports, the GDP of West Africa’s largest economy – and the continent’s most populous country – grew by an annual average of 7.6% from 2003 to 2011. That this was...
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