Nigerian Banks Potentially Undervalued Companies

United Bank for Africa

Market Cap: ₦1.5t

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.

Guaranty Trust Holding

Market Cap: ₦1.8t

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.

Zenith Bank

Market Cap: ₦2.3t

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

Access Holdings

Market Cap: ₦1.2t

Operates as the financial holding company of Access Bank Plc that provide various banking products and services in Nigeria, rest of Africa, and Europe.