Barclays Africa eyes Nigeria to dominate African market

Barclays Africa Group has announced its intention to enter the Nigerian market in order to dominate the African banking market.

On Thursday, March 1, 2018, the chief executive of Barclays Africa, Maria Ramos made this known during a presentation in South Africa.

The banking chief noted that Barclays Africa aims to enter Nigeria as a new market as it seeks to raise its share of the African banking market to 12 percent from 6 percent over the medium term.

Ramos had presented the rise in the annual profit in the market value of the financial institution with its base deeply rooted in South Africa.

Barclays Africa Group Limited is a South African financial services provider, offering personal and business banking, credit cards, corporate and investment banking, wealth and investment management as well as bancassurance.

Barclays Africa Group Limited is 14.9% owned by Barclays Bank PLC and is listed on the JSE Limited with current operations in Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, South Africa, Tanzania, Uganda and Zambia.