Nigeria’s banking sector posted significant growth in 2024, with total assets surging to N170.02 trillion, marking a 39.6% year-on-year increase from N121.8 trillion in 2023.
This is according to the State of Enterprise (SOE) Report 2025, which analyzed key economic and financial indicators across sectors.
The report highlights the sector’s resilience in the face of a challenging economic climate marked by high inflation and a sharp devaluation of the naira.
