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Nigeria has emerged as Africa’s largest banking market by customer numbers, driven by digital banking and financial inclusionAccess Bank leads the continent with about 60 million customers, ahead of UBA and OPay at 45 million eachDespite their huge customer bases, no Nigerian bank appears in Africa’s top 10 by total assets
Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
Nigeria has secured its position as Africa’s leading banking market by customer numbers, with its lenders collectively outpacing rivals across the continent in retail reach.
Data drawn from banks’ latest financial reports and the 2025 African Business Top 100 African Banks ranking show that Nigerian institutions have built the continent’s deepest retail customer base through digital expansion and aggressive financial inclusion drives.
Nigerian banks now serve the largest customer base in Africa Photo: BloombergSource: Getty Images
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