Banks in Nigeria – Nigeria had time beyond regulation grown right into a business and finance hub, to praise this can be a community of Banks mandatory in availing ease of doing companies which promotes the financial prosperity of any enterprising nation.
These banks carry out focal roles akin to
- Giving out loans to house owners of Small and Medium Enterprises
- Accepting deposits for protected retaining
- Paying deposits to fulfill prospects’ want for his or her cash
- Carrying out business transactions on-behalf of their prospects who might be retailers in importation of related items and companies, often throughout Letter of Credit (LC) and Bills for Collection (BC)
- Banks in Nigeria in trendy occasions have grow to be a method by which the federal government, non-public sectors and business house owners pay employees’ salaries, which in flip encourages monetary inclusion.
I can go on to point out never-ending lists and roles Banks in Nigeria play which kinds the idea of the Nigerian financial system.
However, I discover it pertinent according to itemizing the Banks in Nigeria presently to likewise educate you within the following capability;
- List of Banks in Nigeria
- Owners of Banks in Nigeria
- List of present business Banks in Nigeria in 2019
- List of Merchant Banks in Nigeria
- List of tier 2 Banks in Nigeria and plenty of extra, primary on the checklist of these banks is
ACCESS BANK PLC: This is a Nigerian multinational Commercial Bank, being owned by Access Bank group. The Bank is licensed by the Central Bank of Nigeria. Founded in 1989 and is being quoted on the Nigerian Stock Exchange.
Head workplace deal with; Plot 999c, Danmole Street off Adeola Odeku/Idejo Street, Victoria Island Lagos, Lagos Satate Nigeria
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GMD/CEO: Herbert Wigwe
Products: These are the business options they provide: Loans, Credit Cards, Savings, Investments and Mortgages.
Access Bank is presently one of the 5 largest banks in Nigeria in phrases of property, loans, deposits and department community.
Official web site:https://www.accessbankplc.com
Call; +234 1-2712005-7, +234 1-2802500
CITIBANK NIGERIA LTD: Citibank is a shopper division of monetary companies multinational Citigroup. Citibank was based in 1812 because the City Bank of New York, and later grew to become First National City Bank of New York.
Headquarters: New York City, New York.
Nigeria Head workplace: Charles S. Sankey House 27, Kofo Abayomi Street, Victoria Island, Lagos.
CEO: Michael Corbat
Official web site:https://www.citigroup.com
DIAMOND BANK PLC: Diamond Bank is a Nigerian multinational monetary companies. However, Diamond Bank has been acquired by Access Bank Plc in December 2018 and introduced to full the transaction of the merger within the first half of 2019.
Headquarters: Victoria Island Lagos, Nigeria.
CEO: Uzoma Dozie
Official web site:https://www.diamondbank.com
ECOBANK NIGERIA PLC: This is a business Bank in Nigeria which renders monetary companies. Ecobank was based in 1986, with its Headquarters in Lagos, Nigeria.
MD: Patrick Akinwuntan
Products: Loans, financial savings, funding, debit and bank cards, mortgages.
Official web site:https://www.ecobank.com
Call: +234003262265, +234800326
FIRST BANK OF NIGERIA LTD: This is Nigerian multinational financial institution and monetary companies firm headquartered in Lagos. It’s the largest financial institution in Nigeria by complete deposits and gross earnings, First financial institution Nigeria restricted was based in 1894 as Bank of British West Africa, renamed First Bank of Nigeria in 1979. FBN has earned itself undoubtable observe file amongst Banks in Nigeria.
Headquarters: 35 Marina, Lagos, Lagos State, Nigeria.
CEO: Adesola Kazeem Adedutan
Official web site:https://www.firstbanknigeria.
Call: +234 708 062 5000
FIRST CITY MONUMENT BANK PLC (FCMB): This is a full service banking group, with the imaginative and prescient to be premier monetary companies group of African origin. The financial institution was based in April 1982.
Headquarters: Lagos, Island, Lagos Nigeria.
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CEO: Ladi Balogun
Official web site:https://www.fcmb.com
Call: 01-2798800, 07003290000
FIDELITY BANK PLC: This is one of the business Banks in Nigeria, licensed with worldwide authorization by the Central Bank of Nigeria (CBN). Fidelity Bank was based in 1988.
Headquarters: Lagos Nigeria
CEO: Nnamdi Okonkwo
Official web site:https://www.fidelitybank.ng
Call: 01-448-5252, +2349030005252
GUARANTEE TRUST BANK PLC (GTB):This is a Nigerian multinational monetary establishment which affords on-line/web Banking, funding Banking, Retail Banking, Corporate Banking and Asset administration companies. Founded in January 1990.
Headquarters: 635 Akin Adesola Street, Victoria Island, Lagos, Nigeria.
CEO: Mr Segun Agbaje
Official web site:https://www.gtbank.com
Call: 0700 4826 66328.
HERITAGE BANKING COMPANY LTD:This is popularly referred to as Heritage Bank, it’s one of the Commercial Banks in Nigeria. Heritage Bank is based in 1989
Headquarters: 292B Ajose Adeogun Street, Victoria Island, Lagos Nigeria
CEO: Ifie Sekibo
Official web site:https://www.hbng.com
Call: +234-1-2369000, +234-1-6309000
JAIZ BANK: This is a financial institution in Nigeria working beneath Islamic Banking ideas and is a non-curiosity financial institution. This is the primary non-curiosity financial institution established in Nigeria.
Headquarters: Abuja, Nigeria
CEO: Hassan Usman
Official web site: jaizbankplc.com
Call: +234-9-4605125, +234 708 063 5500
KEYSTONE BANK LTD: This as effectively is one of the Commercial Banks in Nigeria, based in 2011.
Headquarters: Victoria Island, Lagos.
CEO: Mr. Obeahon Ohiwerei
Official web site:https://www.keystonebankng.com
Call: +234 700 2000 300
POLARIS BANK LTD (SKYE BANK): This is a business Bank primarily based in Nigeria, because it stands, Polaris Bank Limited is a bridge Bank that got here into being as Central Bank of Nigeria withdrew the defunct Skye Bank license in September 24, 2018, following misappropriation of funds and reserve inadequacy.
Headquarters: 3 Akin Adesola Street, Victoria Island Lagos, Nigeria.
CEO: Adetokunbo Mukhail Abiru
Official web site: https://www.
Call: +234 806 988 0000, 070075932265, +234414482100, +23412705850
STERLING BANK PLC: This is a full service nationwide Commercial Bank, with its shares buying and selling beneath the Banking sector of the Nigerian Stock Exchange, based in 1960.
Headquarters: Sterling Towers, 20 Marina, P.M.B. 12735, Lagos, Nigeria.
CEO: Mr. Abubakar Suleiman
Official web site:https://www.sterlingbankng.com
SUNTRUST BANK BIGERIA LTD: This is a Nigerian monetary service supplier, rating amongst Banks in Nigeria, based in August 2016.
Headquarters: 1 Oladele Olashore Street, Off Sanusi Fafunwa Street, Victoria Island, Lagos, Nigeria.
CEO: Mr. Ayo Babatunde
Official web site:https://www.suntrustng.com
Call: 009 1 80078872835
STANBIC IBTC BANK PLC: This is a monetary service holding firm in Nigeria, with subsidiaries in banking, inventory brokerage, funding advisory, Pension and trustee companies.
Headquarters: IBTC Place, Walter Carrington Crescent, Victoria Island, Lagos, State, Nigeria.
CEO: Dr Demola Sogunle
Official web site:https://www.stanbicibtc.com
Call: 0700 2255 782 6242, +234 1 4227777.
UNITY BANK PLC: This is one of the Commercial Banks in Nigeria.
Headquarters: Abuja, Nigeria.
CEO: Tomi Somefun
Official web site:https://www.unitybankng.com
Call: +234 (0) 7080 666 000.
UNITED BANK FOR AFRICA (UBA): This is a number one pan-African monetary companies group. UBA is one of the Africa’s finest and most resilient banking Groups with operations in 20 African international locations and places of work of their world monetary facilities: London, Paris and New York.
Headquarter: UBA House, 57 Marina, P.O Box 2406, Lagos, Nigeria.
CEO: Kennedy Uzoka
Official web site:https://www.ubagroup.com
Call; 0700 225 5822
UNION BANK OF NIGERIA PLC: You don’t point out Banks in Nigeria with out Union Bank, it will not be commanding companies like its counterparts, nevertheless had made an indelible mark the in Nigerian Banking system.
Headquarters: 36 Marina, Lagos, Nigeria.
CEO: Emeka Enuwa
Official web site:https://www.unionbankng.com
Call: +234 (0) 700 700 7000, +234 (1) 271 6816.
WEMA BANK PLC: This is one of the Commercial Banks in Nigeria, based in 1945.
Headquarters: 54 Marina Lagos State, Nigeria.
CEO: Ademola Adebisi
Official web site:https://www.wemabank.com
Call: +234 803 900 3700, +234 01 277 7700 9
ZENITH BANK PLC: A multinational monetary service supplier, based in May 1990.
Headquarters: Zenith Heights, Plot 84, Ajose Adeogun Street, Victoria Island, Lagos, Nigeria.
CEO: Peter Amangbo
Official web site:https://www.zenithbank.com
Call: 01 278 700, 01-2787000, 2927000, 4647000.
FAQ ON LIST OF BANKS IN NIGERIA
List of Commercial Banks in Nigeria in 2019: A Commercial Bank is a Bank that gives such companies as accepting deposits, granting business loans and providing primary funding merchandise which can be operated as a business for revenue.
Commercial Banks in Nigeria are divided into three particularly (1) Commercial Banks with International Authorization (2) Commercial Banks with National Authorization and (3) Commercial Banks with Regional Authorization
The Commercial Banks in Nigeria with International Authorization are;
- Access Bank Plc
- Fidelity Bank Plc
- First City Monument Bank Plc (FCMB)
- First Bank of Nigeria Limited (FBN)
- Guarantee Trust Bank Plc (GTB)
- Union Bank of Nigeria Plc
- United Bank for Africa Plc (UBA)
- Zenith Bank Plc
Commercial Banks in Nigeria with National Authorization are;
- Citibank Nigeria Limited
- Diamond Bank Plc
- Ecobank Nigeria Plc
- Heritage Bank Limited
- Keystone Bank Limited
- Polaris Bank Limited
- Stanbic IBTC Bank Plc
- Standard Chattered
- Sterling Bank Plc
- Unity Bank Plc
- Wema Bank Plc
Commercial Banks in Nigeria with Regional Authorization are;
- SolarTrust Bank Nigeria Limited
- Providus Bank Limited
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List of Merchant Banks in Nigeria: A business Bank is a Bank dealing in Commercial loans and funding. They cope with worldwide finance, business loans for firms and underwriting, a service provider financial institution might carry out similar companies as funding financial institution, nevertheless doesn’t present common banking companies to the general public.
Merchant Banks in Nigeria are;
- Coronation Merchant Bank
- FBNQuest Merchant Bank
- FSDH Merchant Bank
- Rand Merchant Bank
- Nova Merchant Bank
List of tier 2 Banks in Nigeria; Banks are often grouped in accordance to monetary energy from a regulator’s level of view, in Nigeria it’s depending on the Central Bank level of view.
However, we’ve tier one and tier two Banks, tier 2 can’t be mentioned with out throwing gentle on tier 1.
- Tier 1: This is the core measure of Bank’s monetary energy from a regulator’s level of view. It consists of core capital, which consists primarily of widespread inventory and disclosed reserves or retained earnings, nevertheless, might also embrace non-redeemable non-cumulative most popular inventory.
- Tier 2: This is the secondary element of financial institution capital as well as to tier 1 that makes up the financial institution’s required reserves.
- Tier 1 and a pair of banks are nevertheless defined in accordance to the above.
Tier 1 Banks in Nigeria are:
- Access Bank
- Zenith Bank
- First Bank
- Guaranty Trust Bank (GTB)
- UBA. They are categorized by their stability sheet dimension.
Apart from the above 5 banks, some other Commercial Bank in Nigeria talked about above is a Tier 2 Bank.
At this level you’re a minimum of acquainted with the checklist of Banks in Nigeria, their headquarters, CEO’s and web sites. Nigerian Banks stay sturdy and appropriate for business regardless of unfavorable authorities insurance policies in latest occasions. Let’s see if there’s something we may also help you with, use the remark field.