Presenting a book, “ Beyond Profit: How a Nigerian company built a culture of credibility”, in Lagos Mr. Teslim Shitta-Bey, Managing Editor/Chief Economist, Proshare Nigeria, said: “Banks will increase loans and advances. Those will result in increased manufacturing output, and our Gross Domestic Product, GDP, will grow faster.
Shitta-Bey noted that the recent Proshare BDSI report shows Access Bank, Zenith Bank, First Bank of Nigeria Holding, EcoBank, United Bank of Africa and Guaranty Trust Bank , as the tier-1 banks with positions in the outlined order. “The Proshare report suggests that we have gone back to what we started off with in 2013 with Afrinvest. Afrinvest had an acronym for tier-1 banks, FUGAZE.
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