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Number of depositors by vertical:
Top 100 by size of deposit | 100-200 by size of deposit | 200-300 by size of deposit | |
Conglomerate | 4 | 2 | 2 |
Oil & gas | 25 | 20 | 13 |
Public sector | 16 | 9 | 9 |
Construction | 9 | 15 | 8 |
Financial services | 28 | 13 | 11 |
Manufacturing | 3 | 8 | 10 |
Food & Beverage | 5 | 8 | 7 |
Individuals | 1 | 2 | 5 |
Infrastructure | 4 | 2 | 4 |
Consumer goods | 4 | 3 | 4 |
Other | 1 | 3 | 4 |
Consulting | 2 | 1 | |
Charities | 8 | 3 | |
Technology & Comms | 1 | 6 | |
Logistics | 1 | 5 | |
Medical | 1 | 2 | |
Services | 3 |
Oil & gas, and financial services dominate depositors in the top 100.
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Industry | NGN collections | Top30 ** accounts % | Industry size | Industry growth (real) | Exports |
|---|---|---|---|---|---|
Top 3 focus verticals | |||||
Retail & General Trade | 798m (1st) | 38% | N27.4tn | 1.7% | - |
Remittances distribution | - | - | N31.9tn | -2.9% | $19.5bn |
Manufacturers | - | - | N36.0tn | - | - |
Expand From retail & general trade, expand up the supply chain into these industries | |||||
Food & Drinks | 401m (2nd) | 34% | N13.9tn* | 3.0% | $0.9bn |
IT Oil & ElectronicsGas | 121m 166m (4th3rd) | 26%45% | N25N13.5tn1tn | 8-35.9%8% | $0$61.1bn |
Healthcare | 66m (9th) | 29% | N1.0tn* | 6.4% | - |
*this number is for manufacturing only. Moniepoint data includes distributors and retailers, so industry number for comparison is likely higher**by profitability
Rationale for top 3 prioritisation choices
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Retail & general trade
Supermarkets
Pharmacies
Restaurants
Fuel stations (to ultimately expand to midstream and upstream)
Remittances distribution
Manufacturing