The banking sector in Nigeria has gone through significant changes over the past few years, and it can be hard to keep track of which banks are currently offering services.
At this point, we’re sure you’re wondering: why would I need such a list? The fact is that having credible information on commercial banks in Nigeria is essential if you want to safely deposit your money, get a loan, or make payments. That’s why we created this list of all the commercial banks currently operating in Nigeria.
In this article, we will walk you through a brief history of all the commercial banks in Nigeria. So, let’s jump right in and take a look at the full list of commercial banks currently operating within the country!
Full List of Commercial Banks in Nigeria
Nigeria has a large number of commercial banks. These banks have been instrumental in not only making the banking sector easily accessible to Nigerians but have also contributed to the development of businesses in the country. The following list provides an overview of all the commercial banks currently operating in Nigeria:
- Access Bank Plc
- Citibank Nigeria Limited
- Ecobank Nigeria Plc
- Fidelity Bank Plc
- FIRST BANK NIGERIA LIMITED
- First City Monument Bank Plc (FCMB)
- Globus Bank Limited
- Guaranty Trust Bank Plc (GTB)
- Heritage Banking Company Ltd.
- Keystone Bank Limited
- Parallex Bank Ltd
- Polaris Bank Plc
- Premium Trust Bank
- Providus Bank
- STANBIC IBTC BANK PLC
- Standard Chartered Bank Nigeria Ltd.
- Sterling Bank Plc
- SunTrust Bank Nigeria Limited
- Titan Trust Bank Ltd
- Union Bank of Nigeria Plc
- United Bank For Africa Plc
- Unity Bank Plc
- Wema Bank Plc
- Zenith Bank Plc
These are the commercial banks currently operating in Nigeria. Whether you’re looking for a safe place to deposit your money, access loans, or make payments, these banks offer the necessary products and services to meet your needs.
Access Bank Plc
Access Bank Plc is one of the largest financial institutions in Nigeria and has been providing banking services for more than two decades. The bank was founded as a private limited liability company in 1989, and after growing exponentially, it became a public limited liability company in 1998. The bank is becoming increasingly prominent in Africa, with branches in the UK, China, India, France, and UAE.
In 2012 Access Bank acquired the Nigeria-based Intercontinental Bank Plc and its subsidiaries. This acquisition enabled Access Bank to expand its operations to the United Kingdom, South Africa, Ghana, Gambia, Congo, Sierra Leone, Zambia, and Kenya. Since then, Access Bank has continued to grow both within Nigeria and across Africa. It currently boasts over 300 business locations and over 2000 ATMs across nine countries in Africa.
Address: Plot 999c, Danmole Street, Off Idejo Street, Off Adeola Odeku Street, Victoria Island, Lagos. Victoria Island, Lagos State
Today Access Bank offers a broad range of services, including consumer banking, commercial banking, corporate banking, and treasury services, as well as specialized banking solutions such as asset management and investment banking. The bank also offers digital banking services via its mobile app, which enables customers to open a savings account with just their phone number.
Citibank Nigeria Limited
When it comes to commercial banks in Nigeria, one of the biggest and most well-known is Citibank Nigeria Limited. Founded back in 1984, Citibank Nigeria has grown into one of the largest financial institutions in the country.
Citibank Nigeria started out as a banking operation that operated solely by filing money transfers and offering foreign exchange services. Over time, they have expanded their services to include loans, investments, and more.
Address: 27, Kofo Abayomi Street, Victoria Island, P.O.Box 6391, Victoria Island, Lagos State
They have also developed business centers that can provide services such as FX trading, corporate finance advisory, portfolio management, and more. As of today, they operate 12 branches throughout the country.
Ecobank Nigeria Plc
You might be wondering about the history of Ecobank Nigeria Plc, one of the commercial banks in Nigeria. Well, founded in 1985, it is a leading pan-African bank. As one of the first indigenous African banks, it has become a leading player in Africa’s banking industry.
Ecobank Nigeria Plc’s distinguishing attributes include the following:
- Comprehensive coverage of national and sub-national markets in over thirty-four countries
- A flexible strategy built around the principles of actively managing risk and enhancing efficiency
- A broad product portfolio based on best banking practices
- Delivering enhanced customer service with innovative delivery channels
Address: 21, Ahmadu Bello Way, Victoria Island, P.O.Box 72688 Victoria Island, Lagos
Since its inception, Ecobank Nigeria Plc has established a strong network across the continent and beyond by leveraging technology to make banking services accessible to everyone. It seeks to create long-term value for all stakeholders through prudent management and sound corporate governance practices.
Fidelity Bank Plc
Fidelity Bank is one of the leading commercial banks in Nigeria, and it has an interesting history.
The Bank of Nigeria was incorporated in the year 1987 and began its operations in 1988; the bank was initially founded as a non-bank financial institution known as Fidelity Union Merchant Bank Limited. In 2001, it got its banking license from the Central Bank of Nigeria and changed its name to Fidelity Bank Plc.
Since then, it’s grown from strength to strength, and today, Fidelity Bank offers a variety of services, including retail banking, corporate banking, online banking, money transfer services, foreign exchange services, loan products for businesses and individuals, personal savings accounts, and more.
Address: 2 Kofo Abayomi Street, Victoria Island, Lagos
Fidelity Bank also strives to make a difference in Nigeria with charitable programs that focus on education, health care, and economic empowerment. Through these initiatives, they hope to give back to local communities and create a positive impact on the entire country.
First Bank Nigeria Limited
First Bank Nigeria Limited was established in 1894; it is the oldest and one of the largest banking institutions in the country and has overcome a lot of changes over the years.
The Bank expanded quickly after its establishment, becoming a prominent player in Nigeria’s banking industry and eventually branching out to other African countries. By the turn of the century, it had become one of the largest banks in West Africa and was even listed on the Nigerian Stock Exchange.
In 2012, First Bank underwent a major rebranding process, which included changing its name to First Bank of Nigeria Limited. Along with this rebranding came a new logo, new branches, new products, and services, as well as an enhanced digital presence.
Address: Samuel Asabia House, 35 Marina Lagos
Today, First Bank services millions of customers across Nigeria with a wide range of products and services such as current accounts, savings accounts, credit cards, mortgages, loans, and more. With its extensive network of branches throughout Nigeria, they remain one of the most reliable commercial banks operating in Nigeria today.
First City Monument Bank Plc (FCMB)
First City Monument Bank Plc (FCMB) is one of the largest commercial banks in the country, and it has been around since 1982.
So what makes FCMB special? Here are some of its key facts:
FCMB was founded by Otunba Subomi Balogun, who is considered to be one of the pioneers of the Nigerian banking industry. He had an eye for recognizing the importance of banking in propelling the country’s economic growth and development.
Address: Primrose Towers, 6-10 Floors 17A Tinubu Square, Lagos State
FCMB has a growing network of over 300 branches and 462 ATMs nationwide, so customers can access their accounts from almost anywhere.
Globus Bank Limited
You might not know much about the history of Globus Bank Limited, one of the commercial banks in Nigeria. It started out in February 2019 as a private limited liability company licensed to provide general banking services by the Central Bank of Nigeria (CBN).
Today, Globus Bank is a leading provider of retail and corporate banking services across the country. Its core products are deposit-taking and loan services, trade finance services, and money transfer services. The bank also offers other financial products such as Bancassurance, debit cards, and online banking services.
Address: No. 6 Adeyemo Alakija Street Victoria Island Lagos
With 16 branches in states throughout Nigeria, Globus Bank is committed to helping its customers meet their financial goals.
Guaranty Trust Bank Plc (GTB)
GTB was founded in 1990 and was one of the first Nigerian banks to go public. GTB has become one of the largest, most successful, and most respected financial institutions in Africa. The bank has over 260 branches throughout Nigeria and is known for its commitment to corporate and social responsibility.
Guaranty Trust Bank Plc was Founded by Mr. Tajudeen Afolabi Adeola, a Nigerian businessman, and investor. GTB’s mission is to help individuals and businesses grow by providing innovative products and services as well as access to capital.
Address: 635 Akin Adesola Street, Victoria Island, Lagos, Nigeria.
GTB is committed to making life easier through innovation that helps people meet their goals while at the same time helping to build a more sustainable future. With its focus on customer experience and community service, GTB continues to set an example of excellence among commercial banks in Nigeria.
Heritage Banking Company Ltd.
The Heritage Banking Company Ltd. was founded in the year 2012. In a little over a decade of existence, the bank has been able to cement itself as one of the most reliable financial institutions in the country.
The Heritage Banking Company has seen tremendous growth since its inception and now operates through 127 branches across the states in Nigeria.
Address: Plot 292B, Ajose Adeogun Street, Victoria Island, Lagos
The bank also offers various products such as loans, cards, and e-payments, making it easier for customers to manage their finances.
Keystone Bank Limited
Keystone Bank started off as Bank PHB, which was incorporated in 2005 as a registered trust company in Lagos. It was established on August 5th, 2011, by taking over all the assets (including the subsidiaries) and liabilities of the now-defunct BankPHB.
The bank offers an extensive range of services and products, including consumer banking, corporate banking, commercial banking, treasury services, asset management, and investment banking services. It also offers electronic payment solutions such as ATMs, debit cards, and Internet banking services.
Address: Keystone House, 1, Keystone Crescent, Victoria Island, Lagos
Keystone Bank is also proud to be one of the few Nigerian banks with an international presence spanning Liberia and Sierra Leone.
Parallex Bank Ltd
Parallex Bank Limited was established on May 22nd, 2020, as a limited liability company after successfully converting from Parallex Microfinance Bank, a National Microfinance Bank founded in 2008 as a Unit MFB, to a commercial bank with a license from the Central Bank of Nigeria to conduct business.
As a customer-centric bank, Parallex Bank provides various products and services designed to meet its customers’ needs. This included savings accounts and current accounts where customers could easily deposit or withdraw funds at any of its branch locations.
Address: 31B Oyeleke Street Alausa Ikeja Lagos
Website: www. parallexbank.com email@example.com
The bank also offers loans and overdraft facilities tailored to its customers’ financial requirements. It also provided foreign exchange services, including treasury bills trading, money transfers, bill payments, and other remittance services.
Polaris Bank Plc
Polaris Bank originated from the defunct Skye Bank Plc, which had been taken over by the Central Bank of Nigeria (CBN) in 2018.
Address: Plot 708/709, Adeola Hopewell Street, Victoria Island, Lagos
With more than 350 branches nationwide and over one million customer accounts, Polaris Bank has a strong presence across Nigeria’s financial sector, making it one of the biggest banks in the country today.
Premium Trust Bank
In 2002, Premium Trust Bank was granted a commercial banking license by the Central Bank of Nigeria.
Premium Trust Bank offers a variety of services to its customers. These services include personal banking, business banking, corporate banking, e-banking services, international money transfers, and ATM services. The bank also prides itself on providing excellent customer service and quick response times to customer inquiries and requests.
Address: Plot 1612 Adeola Hopewell St, Victoria Lagos 101233, Lagos
Providus Bank was founded in 2016. This Bank offers banking solutions, secure online transfer systems, etc.
What makes Providus Bank truly remarkable is how it has continued to innovate over the years, introducing new products and services that benefit both its customers and the Nigerian economy at large.
Address: Plot 54, Ademola Adetokunbo, Victoria Island, Lagos
It’s no wonder why it remains one of the most popular commercial banks in Nigeria today!
Atedo N.A. Peterside served as the company’s CEO when Investment Banking & Trust Company Plc (IBTC) was established as an investment bank on February 2nd, 1989. The Central Bank of Nigeria unveiled its commercial banks’ recapitalization plan in 2005. This required a minimum capital base of NGN 25 billion for all commercial banks. The Investment Banking and Trust Company (IBTC) merged with Chartered Bank Plc and Regent Bank Plc as a result of this CBN decree on December 19, 2005, to become IBTC Chartered Bank Plc.
Address: Walter Carrington Crescent, Victoria Island, Lagos
Today, Stanbic IBTC Bank PLC offers a range of banking and financial services throughout Nigeria, including retail banking, corporate banking, e-Commerce, treasury, and financial markets services. The bank has about 166 branches and over 732 Automated Teller Machines (ATMs) nationwide.
Standard Chartered Bank Nigeria Ltd
Standard Chartered Bank Nigeria Ltd, As one of the largest and oldest financial institutions in Nigeria, Standard Chartered has been a key player in driving economic growth since 1894; it is headquartered in London, United Kingdom.
Address: 142, Ahmodu Bello Way, Victoria Island, Lagos
Standard Chartered Bank Nigeria has been a reliable provider of banking services since its establishment over 128 years ago. Standard Chartered Bank Nigeria Ltd remains a leader in providing innovative solutions that meet customers’ ever-evolving needs today.
Sterling Bank Plc
Sterling Bank Plc, formerly known as NAL Bank, was established in 1969. It was originally established as a merchant bank and was later converted into a commercial bank. Since then, the bank has focused on providing quality services to its clients. The brand has been at the forefront of technological innovation, from being one of the earliest banks in Nigeria to introduce ATMs and Point-of-Sale terminals to becoming the first bank in Nigeria to introduce online banking.
Address: Sterling Towers, 20 Marina, Lagos.
The bank has grown and diversified its portfolio over time and now offers a variety of products and services, including corporate banking, retail banking, treasury solutions, insurance services, and more.
SunTrust Bank Nigeria Limited
SunTrust was incorporated and established in 2009 by Chief Executive Muhammad Jibrin Barde as a mortgage bank. It later changed its business model and was given a regional commercial banking license by the Central Bank of Nigeria in November 2015, making it the first commercial bank to do so since 2001.
SunTrust Bank provides a range of services, including corporate banking, retail banking, treasury, treasury services, digital payments, and trade and financing.
Address: 1 Oladele Olashore Street, Victoria Island, Lagos
The bank is known for its commitment to promoting financial literacy and good corporate governance practices in the country and is committed to creating a safe and secure banking environment. SunTrust Bank is also dedicated to delivering services that are tailored to customers’ needs, with an emphasis on personalized service.
Titan Trust Bank Ltd
Titan Trust Bank was founded on December 12th, 2018, and began fully operating as a national commercial bank on April 26th, 2019, after receiving its national banking license.
It provides customers with a range of innovative products and services, including current accounts, savings accounts, loan products, and internet and mobile banking services. The bank also offers a range of corporate and treasury solutions, such as trade finance, cash management, hedging, and asset management services.
Titan Trust Bank is committed to providing outstanding service to its customers and invests heavily in technology and customer service. Nigerians.
Address: Plot 1680, Sanusi Fafunwa Street, Victoria Island, Lagos
Union Bank of Nigeria Plc
Union Bank of Nigeria Plc is one of the oldest banks in Nigeria, having been established in 1917, and is the second oldest bank in Nigeria after First Bank.
The bank’s operations span the Nigerian financial services sector, providing individuals and businesses with retail, corporate, and investment banking services. Union Bank also provides a range of specialized services, such as Islamic and rural banking, asset management, investment banking, and mortgage banking.
Address: 36, Marina, Lagos
The bank is committed to promoting financial inclusion and financial literacy in Nigeria.
United Bank For Africa Plc
United Bank For Africa Plc (UBA) was founded in 1948 and is one of Nigeria’s largest banks and one of Africa’s largest financial institutions. It is renowned for providing innovative banking and financial services, such as mobile banking, internet banking, and electronic banking.
UBA is committed to promoting financial literacy and inclusion in Nigeria and works closely with local communities, organizations, and governments to expand access to financial services and promote financial stability.
Address: 57 Marina, Lagos Island, Lagos State
UBA is a leader in innovation, paving the way for digital banking services in Nigeria. In addition to providing mobile and internet banking services, the bank also provides customers with access to a wide range of products and services, such as debit cards, online payments, online transfers, and 24/7 customer service.
Unity Bank Plc
Following the merger of nine banks with expertise in investment, corporate, and retail banking, Unity Bank started operations in January 2006. With 213 locations across the 36 States and Federal Capital Territory, Unity Bank is currently one of Nigeria’s top retail banks.
Address: Plot 42, Ahmed Onibudo Street, Victoria Island, Lagos
Unity Bank provides its customers with a wide range of products and services, including retail banking, corporate banking, SME banking, digital banking, and mortgage banking. The bank is committed to providing high-quality customer service, and its banking services are available around the clock.
Wema Bank is one of the oldest and most reputable banks in Nigeria. Established in 1945 as a private limited liability company, the bank has over 75 years of experience in providing banking services to the Nigerian public. Wema Bank is licensed and regulated by the Central Bank of Nigeria and is committed to providing quality and innovative banking services to its customers.
The bank offers a range of products and services, such as the award-winning ALAT Digital Bank and the Wema Corporate Banking Platform. It also provides a range of traditional banking services, including transfers, deposits, and payments.
Address: Wema Towers 54, Marina Lagos Island
The bank is at the forefront of financial inclusion and has been instrumental in creating access to financial services for millions of Nigerians. It is a leader in innovation, having won numerous awards for its commitment to digital banking and its strong focus on financial literacy and inclusion.
Zenith Bank is one of the largest and most respected banks in Nigeria. Established in 1990, the bank has grown to become one of the leading providers of banking services in the country. It provides a range of products and services, including deposits, transfers, payments, investments, corporate banking, loans, mortgages, and more.
Address: Plot 84, Ajose Adeogun Street, Victoria Island, Lagos
The bank is committed to providing exceptional customer service and has received numerous awards for its commitment to customer satisfaction and operational efficiency.
It’s clear that Nigeria is home to a wide variety of commercial banks, many of which are well-established, have branches all over the country, and provide a variety of services to customers. With such a comprehensive list, it can be easy to find the right bank to suit your needs. Whether you’re looking for a bank to help you save money, offer loans, or provide other services, this list has it all.
As you search for the right bank for your needs, don’t forget to compare the services offered by each one, as well as the interest rates and fees charged. Doing so can help make sure you get the best deal.