Full List of Banks in Nigeria

Last updated on May 8th, 2024 at 04:19 am

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:

1. Commercial,
2. Merchant,
3. Microfinance,
4. Mobile money operators,
5. Non-interest,
6. Non-interest window,
7. Payment service, and
8. Primary mortgage.

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