Over $2.5bn in Nigerian Bank Acquisitions in 2014 (Infographic)
Dolapo Omidire . 9 years ago
bank acquisition
banking
buying nigerian banks
carlyle
diamond bank
finance
investment
nedbank
nigeria
premium
property
qnb
real estate
Share this post
Subscribe to our newsletter
Initially Published - 8/12/2014. Updated - 12/2/2015. The Nigerian sector saw strong acquisition activity in 2014 with transactions totalling $2.5bn seen. International institutions were increasing their stakes in Nigerian banks to tap into the inherent potential observed in low penetration rates, while others were expanding existing operations or seeking exposure to Nigeria's high risk-high return investment market. Qatar National Bank (QNB), Nedbank,…
Initially Published - 8/12/2014. Updated - 12/2/2015.
The Nigerian sector saw strong acquisition activity in 2014 with transactions totalling $2.5bn seen. International institutions were increasing their stakes in Nigerian banks to tap into the inherent potential observed in low penetration rates, while others were expanding existing operations or seeking exposure to Nigeria’s high risk-high return investment market.
Qatar National Bank (QNB), Nedbank, Skye Bank and Atlas Mara were among the key acquirers, while Ecobank, Enterprise Bank, Union Bank and Mainstreet Bank are among those that were acquired entirely or in part. The Carlyle Group, US private equity giant was the last mover, acquiring an 18% stake in Diamond bank for $147m in November.
The estate intel infographic below shows the acquisition activity seen in the last few months and also covers what the implications are for the real estate sector.
If you can’t see the infographic or want to save it, please see our Twitter page.
Figures from Financial Times, Reuters and Thisday.
Put this infographic on your site with this embed code below.
<iframe style="overflow-y: hidden;" src="https://magic.piktochart.com/embed/3012470-nigerian-bank-acquisitions-by-es" width="800" height="2202" frameborder="0" scrolling="no"></iframe>
Related News
You will find these interesting
Bisi Adedun . 4 months ago
Africa Investment Forum
AIF
Bisi Adedun . 4 months ago
housing
personal finance
Bisi Adedun . 5 months ago
Century city
New City