Full List Of Banks In Nigeria

Commercial banks in Nigeria (Deposit Money Banks) operate under seven different categories of banking licences issued by the Central Bank of Nigeria (CBN).

They are:

Commercial banking licence with international authorization

Access Bank Limited
First City Monument Bank Limited
Fidelity Bank Plc
Guaranty Trust Bank Limited
First Bank Nigeria Limited
United Bank Of Africa Plc
Zenith Bank Plc

Commercial banking licence with national authorization

Citibank Nigeria Limited
Ecobank Nigeria Limited
Standard Chartered Bank Limited
Heritage Bank Plc
Stanbic IBTC Bank Limited
Wema Bank Plc
Sterling Bank Limited
Globus Bank Limited
Titan Trust Bank Limited
Keystone Bank Limited
Union Bank Of Nigeria Plc
Polaris Bank Limited
Premium Trust Bank Limited
Optimus Bank Limited
Unity Bank Plc

Commercial banking licence with regional authorization

Providus Bank Limited
Signature Bank Limited
Suntrust Bank Nigeria Limited
Parallex Bank Limited

Non-interest banking licence with national authorization

Jaiz Bank Plc
TAJ Bank Limited
LOTUS Bank Limited
Alternative Bank Limited

Merchant banking licence with national authorization

Coronation Merchant Bank Limited
FBN Merchant Bank Limited
FSDH Merchant Bank Limited
Greenwich Merchant Bank Limited
Nova Merchant Bank Limited
Rand Merchant Bank Limited

Financial holding companies

Access Holdings Plc
Guaranty Trust Holding Company Plc
FBN Holdings Plc
Stanbic IBTC Holdings Plc
FCMB Group Plc
Sterling Financial Holdings Limited
FSDH Holding Company Limited

Representative Office

The Mauritius Commercial Bank Representative Office(Nigeria) Limited

Classifications

Nigerian banks are classified into eight:

Commercial,
Merchant,
Microfinance,
Mobile money operators,
Non-interest,
Non-interest window,
Payment service, and
Primary mortgage.

All the aforementioned financial institutions are insured by the Nigeria Deposit Insurance Corporation (NDIC), meaning depositor’s money are safe and secured.