The Nigerian banking sector is now one of the largest in Africa and among the fastest growing in the world. The combined assets and contingencies of the industry were estimated at over $125 billion in 2008. Nigerian Banks have expanded their reach beyond the local market by establishing subsidiaries in other African countries as well as in Europe, America and Asia including London and for the first time in the industry’s history, Nigerian Banks were listed among the top 1000 banks in the world in 2009.
Despite these accomplishments, the industry still faces the likelihood of another consolidation exercise as some of the smaller banks are struggling to attract enough deposits to keep them afloat. Unpredictable oil prices have made public sector funds an unsustainable source of cheap funds for the banks causing many to fully diversify their sources of revenue.
Ciuci Consulting is well positioned within this market to provide strategic advisory services to banks within the industry. We have developed strong capabilities in a variety of functional areas including Mergers & Acquisitions and Strategy as well as in executing specific industry related projects such as Global Shared Service (GSS), or Corporate Transformation Projects. This makes us the ideal partner to work with for business improvement.