…N1.7trn raised by 16 lenders in 2024 as recapitalisation intensifies
Nigeria’s banking industry is projected to sustain its growth momentum, with total assets and contingents expected to hit N242.3 trillion ($151.4 billion at N1,600/$) by December 31, 2025, according to a new report by Agusto & Co.
This follows a 44.9 per cent year-on-year expansion to N186.6 trillion ($121.5 billion at N1,536/$) as of 31 December 2024, Agusto & Co. said in its 2025 Nigerian Banking industry report.