Nigeria’s Banking Woes: How One South African Bank Outvalues an Entire Industry

BY BLAISE UDUNZE It is a sobering reality that one South African bank, Standard Bank Group, has a market capitalisation of roughly ZAR 384.34 billion (about $21-22 billion), while the entire Nigerian banking sector combined cannot match it. For a nation of more than 200 million people, with an economy that should be the beating

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