Nigerian banks: The next contenders for the top five

By:
Dominic O’Neill
Published on:

Union Bank’s headquarters is one of the tallest in Lagos, yet its age is showing. The contrast with the friendly and upbeat atmosphere at a bank such as Access is glaring.

At Union Bank, the hallways are filled with piles of disused furniture. In what looks like a storeroom, a painting of the building in prouder days lies neglected, propped up against a wall.

Before acknowledging Euromoney’s presence, Francis Barde, the bank’s main representative to...