Zenith Bank

Nigeria's 3 Dominates Africa’s Top 300 Banks, GTB Leads Again

Nigeria’s 3 Dominates Africa’s Top 300 Banks, GTB Leads Again

November 15, 2025 9:25 pm

Guaranty Trust, Zenith, United Bank for Africa (UBA) top Africa’s 2025 finance ranking, reflecting Nigeria’s strong banking growth and investor confidence.

Nigeria has reinforced its position as a powerhouse in Africa’s banking sector, with Guaranty Trust Bank (GTB), Zenith Bank, and United Bank for Africa (UBA) among the top five institutions on The Africa Report’s 2025 ranking of the Top 300 Finance Champions.

The ranking evaluates Africa’s largest banking groups based on profitability, solvency, liquidity, credit quality, and total assets. GTB retained the top spot for the second consecutive year, followed by Zenith Bank at third and UBA at fifth.

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Zenith Bank Set To Acquire Union Bank

Zenith Bank Set To Acquire Union Bank

March 15, 2020 6:43 am

Zenith Bank Plc has reportedly been given the green light to merge or acquire Union Bank Nigeria Plc. Nairametrics got wind of this from a reliable source. We understand talks are currently ongoing between the banks and a tentative arrangement may have been reached to commence due diligence.

Zenith Bank is Nigeria’s largest bank by profits and second by total assets and could increase its size significantly further with a potential acquisition or merger of this magnitude.

Why the merger: It is not immediately clear why both banks will be considering a merger, however, Union Bank owners Atlas Mara with …

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