Nigerian banks dominate the NGX with N16.28 trillion in market cap, strong dividends, and heavy daily trading, making them attractive for both income and growth investors.
The banking sector is often described as the heartbeat of every economy because it provides the backbone for financial intermediation connecting people who have money with those who need it.
In Nigeria, banks are regulated by the Central Bank of Nigeria (CBN) through the Banking and Other Financial Institutions Act (BOFIA). Listed banks also fall under the oversight of the Securities and Exchange Commission (SEC); while trading and disclosure are supervised by the Nigerian Exchange Group (NGX).