Nigeria’s biggest banks are expanding their assets much faster than South Africa’s top lenders, driven by rapid expansion, higher deposits and recapitalisation, but South African banks still dominate in overall size.
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Nigerian banks successfully raised ₦4.65 trillion in fresh capital by early 2026, setting the stage for accelerated credit growth and balance sheet expansion starting in 2027.
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Access Bank posted a massive 339% asset surge to reach ₦53.1 trillion, heading the pack of Tier-1 Nigerian banks expanding across Africa.