Nigerian Banks Potentially Undervalued Companies

United Bank for Africa

Market Cap: ₦1.1t

Primarily provides corporate, commercial, and retail banking services in Nigeria, rest of Africa, and internationally.

First HoldCo

Market Cap: ₦1.1t

Provides commercial banking, investment banking, corporate banking, and other financial services in Nigeria and internationally.

Zenith Bank

Market Cap: ₦1.9t

Provides banking and other financial services to corporate and individual customers in Nigeria, rest of Africa, and internationally.

Guaranty Trust Holding

Market Cap: ₦1.6t

Operates as a financial holding company for Guaranty Trust Bank Limited that provides commercial banking services in Nigeria, Ghana, Gambia, Sierra Leone, Liberia, Cote D'Ivoire, Kenya, Uganda, Rwanda, Tanzania, and the United Kingdom.