By Blaise Udunze It is a sobering reality that one South African bank, Standard Bank Group, has a market capitalisation of roughly ZAR 384.34 billion (about $21-22 billion), while the entire Nigerian banking sector combined cannot match it. For a nation of more than 200 million people, with an economy that should be the beating heart of Africa, the fact that a single Johannesburg-based bank can outweigh the collective worth of Nigeria’s 33 licensed banks is more than embarrassing; it is scandalous. This disparity is not just about prestige. It…
Read MoreNIGERIA’S BANKING WOES: HOW ONE SOUTH AFRICAN BANK OUTVALUES AN ENTIRE INDUSTRY
