by Nigeria’s banking sector has evolved tremendously over the past few decades, becoming a pivotal force in driving economic growth in Africa. Behind this robust growth are the chief executives who steer the largest and most influential banks in the country. These CEOs not only manage multi-billion-naira financial institutions but also influence banking trends, customer service improvements, and digital transformation. In this article, we take a closer look at the Top Nigerian Bank CEOs in 2024, highlighting their achievements, vision, and how they are shaping the future of banking in Nigeria.
1. Herbert Wigwe – Access Bank
Access Bank has grown to become one of the largest financial institutions in Nigeria under the leadership of Herbert Wigwe. Since taking over as CEO in 2014, Wigwe has been at the forefront of transforming the bank into a regional powerhouse. In 2024, his focus continues to be on digital innovation, expanding Access Bank’s footprint across Africa, and driving financial inclusion through technology.
Under his leadership, Access Bank completed the landmark merger with Diamond Bank, creating one of the largest retail banks in Nigeria. Wigwe’s strategic vision has been instrumental in positioning Access Bank as a leading player not only in Nigeria but also in other African markets such as Ghana, Kenya, and South Africa.
Key Achievements:
- Spearheaded the Access-Diamond Bank merger.
- Expanded Access Bank’s digital banking platforms, increasing its customer base to over 45 million.
- Access Bank continues to be a major player in sustainability and gender equality initiatives.
2. Ebenezer Onyeagwu – Zenith Bank
Zenith Bank, known for its strong financial performance and innovative services, continues to maintain its leadership position in the Nigerian banking sector under the stewardship of Ebenezer Onyeagwu. Taking over as the Group Managing Director/CEO in 2019, Onyeagwu has focused on consolidating the bank’s leadership in corporate banking while expanding its retail banking services.
In 2024, Zenith Bank is recognized for its high capital adequacy ratio and its leadership in digital banking, with Onyeagwu pushing the envelope on fintech integration and customer-centric solutions.
Key Achievements:
- Increased Zenith Bank’s market share in corporate and digital banking.
- Promoted financial technology partnerships that enhance customer experience.
- Continues to lead efforts in environmental, social, and governance (ESG) standards.
3. Segun Agbaje – Guaranty Trust Holding Company (GTCO)
Segun Agbaje, who now heads the Guaranty Trust Holding Company (GTCO), has been instrumental in transforming GTBank into one of the most profitable and digitally advanced banks in Nigeria. Agbaje became CEO of GTBank in 2011, and under his leadership, the bank transitioned into a holding company structure in 2021 to allow for more diverse investments beyond traditional banking.
By 2024, GTCO is a major player in the financial services sector, offering services across banking, payments, and asset management. Agbaje’s vision is rooted in digital innovation and providing a seamless customer experience across all service channels.
Key Achievements:
- Transitioned GTBank into a holding company structure, allowing for greater diversification.
- Launched innovative digital banking platforms, such as GTWorld.
- Expanded GTCO’s footprint into non-banking services such as asset management and payments.
4. Adesola Adeduntan – First Bank of Nigeria
Dr. Adesola Adeduntan, as the Managing Director/CEO of First Bank of Nigeria, has been pivotal in revitalizing one of Nigeria’s oldest and most trusted financial institutions. First Bank has remained a cornerstone in the Nigerian banking system, and Adeduntan’s leadership has ensured the bank remains competitive in the digital age.
In 2024, Adeduntan continues to prioritize customer satisfaction, innovation, and financial inclusion. His strategic initiatives include leveraging fintech partnerships, expanding the bank’s digital banking platforms, and promoting small and medium enterprise (SME) growth through innovative financial products.
Key Achievements:
- Introduced a suite of digital banking services, improving customer experience.
- Focused on financial inclusion, particularly in underserved rural areas.
- Ensured First Bank’s leadership in SME financing.
5. Yemi Edun – Polaris Bank
Yemi Edun, the Managing Director/CEO of Polaris Bank, has been credited with stabilizing and transforming the bank after it was taken over by the Central Bank of Nigeria in 2018. By 2024, Edun has positioned Polaris Bank as a growing player in the Nigerian banking sector, focusing on digital transformation and expanding the bank’s retail banking services.
Polaris Bank under Edun’s leadership has rolled out several customer-friendly digital platforms, including Polaris Mobile and VULTe, aimed at improving financial inclusion and reaching more Nigerians through digital channels.
Key Achievements:
- Successfully transformed Polaris Bank post-recapitalization.
- Launched innovative digital products to enhance customer engagement.
- Promoted financial inclusion through strategic outreach programs.
6. Oluseyi Akinwuntan – Ecobank Nigeria
Oluseyi Akinwuntan leads Ecobank Nigeria, the Nigerian subsidiary of the pan-African banking giant, Ecobank Transnational Incorporated (ETI). Since his appointment as Managing Director/CEO in 2019, Akinwuntan has driven Ecobank’s vision of pan-African banking integration, offering cross-border banking services across 36 African countries.
In 2024, Akinwuntan is focused on expanding Ecobank’s digital banking platforms, especially through Ecobank Mobile and Rapid Transfer services, which allow for seamless money transfers across borders. His leadership also emphasizes fostering relationships with SMEs and enhancing trade finance offerings.
Key Achievements:
- Strengthened Ecobank’s position in cross-border banking and trade finance.
- Expanded digital banking services, increasing customer adoption of Ecobank Mobile.
- Promoted intra-Africa trade through strategic partnerships.
7. Nneka Onyeali-Ikpe – Fidelity Bank
As the first female CEO of Fidelity Bank, Nneka Onyeali-Ikpe has been a trailblazer in driving the bank’s performance to new heights. Since her appointment in 2021, Onyeali-Ikpe has focused on implementing digital transformation initiatives that have made Fidelity Bank one of the most forward-thinking institutions in Nigeria.
By 2024, Fidelity Bank is known for its commitment to small businesses, digital lending, and providing top-tier customer service. Onyeali-Ikpe continues to drive the bank’s expansion into new markets while ensuring it remains at the forefront of digital banking innovations.
Key Achievements:
- Improved Fidelity Bank’s profitability and market share.
- Promoted financial inclusion and SME growth through innovative lending programs.
- Launched Fidelity’s flagship digital platform, FastLoan, for digital lending.
Conclusion
The leadership of these Nigerian bank CEOs in 2024 continues to shape the future of the country’s financial sector. Their emphasis on digital transformation, financial inclusion, and customer service excellence positions Nigerian banks as not only African leaders but also globally competitive institutions. As the country’s economy continues to grow and diversify, these CEOs are poised to play an even more critical role in driving Nigeria’s financial landscape forward.
For those interested in the banking sector, these leaders represent the pinnacle of innovation, strategy, and resilience in an ever-changing market. Keep an eye on these top Nigerian bank CEOs in 2024, as they continue to push the boundaries of what’s possible in banking.
