In the midst of economic controversies and predicted hardship occasioned by the recent oil glut, some Nigerian banks are competing favourably with counterparts the world over. This is encouraging and holds some hope for our banking sector and sets the pace for others to follow. In a report by United Kingdom (UK) based magazine, Financial Times, four Nigerian banks were rated among the top 500 banks in the world. They are First Bank that moved 46 places from 382nd position to 336th; Zenith Bank that
moved 65 places from 453rd to 388th; Guaranty Trust Bank that moved 5 places from 422nd to 417th position; and Access Bank that made its entry into the top banks for the first time this year.
We congratulate the banks, and urge them to
translate this success into making Nigeria’s economy better and improving the
so called common man’s lot in society. We encourage other banks to emulate
these pacesetters for the overall good of our country.
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