Nigerian Banks Surge in Africa's Top 100 Ranking
Five Nigerian banks have advanced in Africa's top 100 banking ranking following a major banking recapitalisation programme that enhanced their capital positions. The 2026 African Banker Top 100 ranking, which assesses banks based on Tier 1 capital, shows Nigeria's combined Tier 1 capital rose by 48% to $15.2 billion from $10.3 billion the previous year.
United Bank for Africa (UBA) climbed five places to 15th, with Tier 1 capital increasing to $2.7 billion from $1.7 billion. Access Bank moved up three places to 17th, with Tier 1 capital rising to $2.46 billion from $2 billion.
Zenith Bank dropped to 20th despite a $600 million increase in Tier 1 capital. Stanbic IBTC recorded the largest jump, moving from 80th to 45th, with Tier 1 capital more than doubling to $735 million from $290 million.
Overall, combined Tier 1 capital among Africa's top 100 banks increased by 23% to $155 billion.
Plus234Feed summary based on reporting from Legit.ng. Read the original report below.
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