Nigeria: Mckinsey – Nigerian Banks’ Revenue Pool to Hit $16bn By 2030 Amid Consolidation Push

· Market size of African banks now around $107 billion, says report

·Fintechs tighten competition, scale rapidly, rival banks

·Continent’s banks lead global profitability despite currency pressures

Nigeria’s banking industry is on course for a structural transformation that will see market size rise to $16 billion by 2030, driven by consolidation, digital expansion, and regulatory tightening, according to a new report by McKinsey & Company.

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