Nigeria’s industrial banks proceed to play a pivotal function in driving financial development, credit score growth, and monetary inclusion.
Because the nation pursues its formidable $1 trillion GDP goal, the energy of its banking sector has develop into much more important.
In Q1 2025, the ten largest banks in Nigeria reported a mixed whole asset base of N218.99 trillion ($142.48 billion) up from N212.75 trillion ($137.63 billion) on the finish of 2024.
This development alerts a resilient monetary sector able to supporting lending, infrastructure funding, and broader financial exercise.
Bank property matter as a result of they replicate capability; the extra property a bank controls, the extra it could actually deploy to energy companies, fund authorities tasks, and deepen entry to credit score.
In a rustic the place capital stays scarce for a lot of, sturdy stability sheets can unlock inclusive, sustainable growth.
Beneath is the rating of Nigeria’s prime 10 banks by whole property as of the primary quarter of 2025, highlighting the establishments on the coronary heart of the nation’s financial engine.
Wema Bank ranks tenth amongst Nigeria’s largest banks by whole property as of the primary quarter of 2025. The bank reported whole property of N3.60 trillion ($2.34 billion) in Q1 2025, exhibiting marginal development from its full-year 2024 determine of N3.59 trillion ($2.34 billion).
- Established on Might 2, 1945, as Agbonmagbe Bank Restricted by the Late Chief Mathew Adekoya Okupe, Wema Bank has grown to develop into certainly one of Nigeria’s oldest surviving indigenous banks.
- It was listed on the Nigerian Inventory Alternate in 1990 and at the moment trades beneath the ticker WEMABANK.
- The bank acquired a Common Banking License in February 2001 and now operates a community of over 149 branches and repair stations nationwide.
- Whereas it stays comparatively smaller than Nigeria’s tier-1 banks, Wema Bank continues to strengthen its presence, notably by way of investments in digital banking.
Its ALAT platform, specifically, has positioned it as a nimble participant centered on innovation and operational effectivity in Nigeria’s evolving monetary panorama.
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