Banking in Nigeria has gone beyond a mere avenue for safeguarding funds and for executing transactional purposes. In reality, it has become a huge industry contributing immensely to the country’s economic footing.
While the history of concrete banking in Nigeria dates back to the establishment of Nigeria’s oldest bank, present-day First Bank of Nigeria, it’s fascinating to see how banking has metamorphosed into a giant industry with a host of banks making dramatic waves.
As it stands, there are well over 20 consolidated banks in Nigeria and these banks fall under categories depending on their modes of operation. Above all, the Central Bank of Nigeria (CBN) is regarded as Nigeria’s apex bank for its regulatory authority over the other banks in the country.
Currently, there are 22 “CBN-authorized” commercial banks in Nigeria. While most of these commercial banks hold licenses for operation only within Nigeria, several others are authorized to operate beyond Nigeria and a few of them operate only in certain Nigerian regions.
Role of Banks in the Economic Development of a Country
This post contains a complete list of “authorized” Nigerian banks with essential details (in specific cases) including their official website links and telephone contacts.
A Comprehensive List of Banks in Nigeria
|Bank Names||Contacts||Website Links||Categories
|1.First Bank of Nigeria LTD||+2347080625000||www.firstbanknigeria.com||Commercial|
|2. Titan Trust Bank Limited||Commercial|
|3. JaizBank Plc||Non-Interest|
|4. Globus Bank Limited||Commercial|
|5. First City Monument Bank (FCMB)||+23412798800||www.fcmb.com||Commercial|
|7. Access Bank Plc||+23412802500||www.accessbankplc.com||Commercial|
|8.FBNQuest Merchant Bank||Merchant|
|9. Heritage Banking Company LTD||+23412369000||www.hbng.com||Commercial|
|10.Coronation Merchant Bank||Merchant|
|11. Guaranty Trust Bank Plc||+23414480000||www.gtbank.com||Commercial|
|12. FSDH Merchant Bank||Merchant|
|13. Standard Chartered Bank Nigeria Ltd||+23427046114||www.sc.com/ng||Commercial|
|14.Rand Merchant Bank||Merchant|
|15.Ecobank Nigeria Plc||+2347005000000||www.ecobank.com||Commercial|
|16. Providus Bank Limited||+23470077684387||www.providusbank.com||Commercial|
|17. Nova Merchant Bank||Merchant|
|18.Fidelity Bank Plc||+2349030005252||www.fidelitybank.ng||Commercial|
|19. Zenith Bank Plc||+234-1-2787000||www.zenithbank.com||Commercial|
|20. Union Bank of Nigeria Plc||+23412716816||www.unionbankng.com||Commercial|
|21. Polaris Bank Limited||+2348069880000||www.polarisbanklimited.com||Commercial|
|22. SunTrust Bank Nigeria Limited||+2349087331440||www.suntrustng.com||Commercial|
|23. Wema Bank Plc||+2348039003700||www.wemabank.com||Commercial|
|24.Unity Bank Plc||+2347080666000||www.unitybankng.com||Commercial|
|25. CitiBank Nigeria Limited||+23412798400||www.citigroup.com||Commercial|
|26. United Bank for Africa Plc||+23412808822||www.ubagroup.com||Commercial|
|27. Sterling Bank Plc||+234144844815||www.sterlingbankng.com||Commercial|
|28. Stanbic IBTC Bank Ltd||+23414222222||www.stanbicibtcbank.com||Commercial|
|29. Keystone Bank Limited||+23470020003000||www.keystonebankng||Commercial|
We hope this post has provided you with comprehensive information on the number of banks in Nigeria. While information elsewhere might present a higher number of banks, it should be noted that we have only listed the recognized and “CBN-authorized” banks in Nigeria.
RECOMMENDED ARTICLES TO READ:
- Central Bank of Nigeria Review – All you Need to Know About CBN
- Here are the Top 5 Richest Banks in Nigeria you must Know
- Development Bank of Nigeria –Everything You Need to Know about DBN
- Naira hits N509 to $1 at FX market, as demand for the U.S dollar climbs up
♦Are you a Blogger? or Social Media Influencer? Want to Start Earning $1,000 to $10,000 Monthly? Get my Ultimate List of Companies who offer you Sponsored Posts ⇒ GET IT HERE
♦Early-stage startup? The 1st cohort of Techcrude Startup School is coming in AUGUST. Apply now.