Business

Wigwe, Adeduntan, others shine at CEO Nigeria 2023 Banking Survey

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1 year ago

July 18, 2023

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CEO Nigeria, a business and financial magazine (online/offline) is out with the 2023 Banking Survey edition. The focus of the survey was to rank banks in Nigeria based on their 2020 financial year performance.

At the CEO Nigeria 2023 Banking survey, Mr. Herbert Wigwe, GMD of Access Holdings was nominated banker of the year, while Dr. Adesola Adeduntan was nominated as CEO of the year.

Daniel Ailemen, the Executive Editor of CEO Nigeria publications, said the ranking of Nigeria’s Top 10 largest banks in 2022, saw Access Bank leading the pack with a total asset of N14.992 trillion in 2022, followed by EcoBank with N13.37 trillion and Zenith Bank with N12.286 trillion.

Banks in the report showed United Bank for Africa (UBA) on the fourth position while FBN Holdings was on the fifth position with N10. 577 trillion respectively. GTCO came sixth with N6.446 trillion and Fidelity Bank stood on the seven position with N3.989 trillion.

The report put Stanbic IBTC on the eight position with N3.029 trillion. Similarly, FCMB Group came ninth with N2.983 trillion and Union Bank with N2.796 trillion was in tenth position.

Ailemen stated that the CEO Nigeria banking survey report was an annual rating of Nigerian banks quoted on the Nigerian Exchange (NGX). He added that the survey was a painstaking research work detailing how bank management best navigated their organizations on the Nigerian and global economies every year.

The executive editor also stressed that this year’s scorecard of banks show-cased Nigeria’s 10 biggest customers’ banks ranked by deposits from customers in 2022, Nigeria’s largest banks ranked by gross earnings in 2022 and Nigeria’s highest profitable banks ranked by profit before tax in 2022 amongst other parameters.

He concluded that – this year’s publication was circulated to key stakeholders in both private and public sectors. And also on request for online transmission via [email protected] and www.ceonigeria.com.