List of Commercial Banks in Nigeria

A bank is any financial institution that mobilizes savings and channels same to productive units. In discharging these functions, the Bank undergoes at least three transformations: risk, liquidity and maturity transformation. 

List of Nigerian Commercial Banks

List of all commercial banks in Nigeria.

Risk transformation, in term of providing safety net for surplus unit, hedges depositors against any potential security risks. Liquidity transformation through reduction of search cost for potential borrower. Thus, the Bank provides an access to credit facilities and as well provision of a consumption smoothing against income shock of a deficit unit or borrower. While it could be said that Bank performs maturity transformation by guaranteeing both the saver and borrower of immediate fund when at need.

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However, for these roles and many more, @TopifyNG understands that the bank becomes an important financial institution for enhancing growth and development in an economy. Furthermore, below is the list of the recognised commercial banks in Nigeria:

Commercial Banks in Nigeria

  1. Access Bank Plc
  2. Citibank Nigeria Limited
  3. Diamond Bank Plc
  4. Ecobank Nigeria Plc
  5. Enterprise Bank
  6. Fidelity Bank Plc
  7. First Bank Nigeria Limited
  8. First City Monument Bank Plc
  9. Guaranty Trust Bank Plc
  10. Heritage Banking Company Ltd.
  11. Key Stone Bank
  12. MainStreet Bank
  13. Skye Bank Plc
  14. Stanbic IBTC Bank Ltd.
  15. Standard Chartered Bank Nigeria Ltd.
  16. Sterling Bank Plc
  17. SunTrust Bank Nigeria Limited
  18. Union Bank of Nigeria Plc
  19. United Bank For Africa Plc
  20. Unity Bank Plc
  21. Wema Bank Plc
  22. Zenith Bank Plc
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To this end, we believe all the boxes financial institutions has and will be helping earners (low or high) to increase their income, build viable business, and reduce their vulnerability to external shocks.

Note: The above listing are subject to changes from Central Bank of Nigeria directives at anytime without prior notification to anyone.

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