Nigeria’s Banking Sector: Thriving in the face crisis


Mckinsey & Company

An overview on the Nigerian banking sector during and after the pandemic


Financial services

This source will be discussing how the Nigerian banking sector was able to surge through a crisis

The key Takeaways:

The thoughts and actions required beyond the crisis:

our analysis shows that it is not total size across the diverse markets a bank serves that enables superior performance, but optimal scale within a given geography or segment. In Nigeria, significant opportunities remain for banks to develop scale across segments—for example by targeting small and medium-size enterprises (SMEs), which have significant unmet needs in the banking sector—or by targeting geographies such as the north of the country, which has been historically underserved.

5 Key Factors to watch to usher in the new wave of transformation: