Post by Princess Olatorera Majekodunmi-Oniru (@Princess)
How Has Nigeria’s Banking Industry Grown in Comparison to the Competitive Global Financial Markets?
A Global Leadership and Innovation Analysis by Princess Olatorera Majekodunmi-Oniru
Valuation Reality (USD as of May 2026):
Access Bank: $1.1B | 1894/1989 | Public (NGX)
First Bank (FBN): $1.5B | 1894 | Public (NGX)
UBA: $1.8B | 1948 | Public (NGX)
Zenith Bank: $3.8B | 1990 | Public (NGX)
GTBank (GTCO): $3.9B | 1990 | Public (NGX)
OPay: $4.0B | 2018 | IPO Q4’26 (Est.)
First Abu Dhabi Bank (FAB): $53.0B | 2017 | Public (ADX)
Continued
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Princess Olatorera Majekodunmi-Oniru: UBS Group: $148.0B | 1862 | Public (SIX / NYSE)
HSBC: $163.0B | 1865 | Public (LSE / HKEX / NYSE)
JPMorgan Chase: $788.0B | 1799 | Public (NYSE)
Global Systemically Important Banks like HSBC and JPMorgan have built financial trust over centuries, as Nigeria’s banking "giants" remain stuck at the...
HSBC: $163.0B | 1865 | Public (LSE / HKEX / NYSE)
JPMorgan Chase: $788.0B | 1799 | Public (NYSE)
Global Systemically Important Banks like HSBC and JPMorgan have built financial trust over centuries, as Nigeria’s banking "giants" remain stuck at the...
Princess Olatorera Majekodunmi-Oniru: In eight years, the Chinese-founded, digital-first OPay has significantly exceeded the valuation of every individual legacy Nigerian bank.
Why? How?
Nigeria’s legacy banks are stagnating, trapped under a risky, blatant “national ceiling”. Political instability and a chronic lack of investment in i...
Why? How?
Nigeria’s legacy banks are stagnating, trapped under a risky, blatant “national ceiling”. Political instability and a chronic lack of investment in i...
Princess Olatorera Majekodunmi-Oniru: The largest Nigerian banks within the systemically important industry continue to battle aging infrastructure and outdated strategies that cannot match the 99.99% uptime of cloud-native, AI-savvy competitors. Net profits that should be retained for technological breakthroughs and global acquisitions...
Princess Olatorera Majekodunmi-Oniru: This culture of extraction, combined with a 60% currency devaluation over the last five years, has effectively liquidated the global standing of the industry.
Beyond macroeconomics, there is a fundamental national leadership failure that cannot be denied by any intellectually honest human.
Beyond macroeconomics, there is a fundamental national leadership failure that cannot be denied by any intellectually honest human.
Princess Olatorera Majekodunmi-Oniru: 2027 national elections beckon and many citizens still debate: Peter Obi vs Bola Ahmed Tinubu. A fail before the fail of the continuum of fails.
Princess Olatorera Majekodunmi-Oniru: The strongest nations are built and governed by passionate titans, fostering economic viability, led by industrial giants, empowering non-governmental institutions guided by humane leaders, and institutionalizing the highest quality education to propel a nation of intellect, humanity, and shared, un...