An extensive list of authorized Deposit Money Banks operating all over Nigeria has been released by the Central Bank of Nigeria (CBN), offering insightful information about the country’s vibrant banking industry.
The list is arranged according to the kinds of licenses that each institution possesses and was made public on the CBN’s official website on Tuesday.
Below is a breakdown of the Nigerian financial environment as provided by the Apex Bank:
1. Internationally authorised banks:
– Access Bank Limited
– Fidelity Bank Plc
– First City Monument Bank Limited
– First Bank Nigeria Limited
– Guaranty Trust Bank Limited
– United Bank for Africa Plc
– Zenith Bank Plc
These banks demonstrate the global reach of Nigeria’s financial sector by operating outside of its borders.
2. Nationally Authorized Banks:
– Citibank Nigeria Limited
– Ecobank Nigeria Limited
– Heritage Bank Plc
– Globus Bank Limited
– Keystone Bank Limited
– Polaris Bank Limited
– Stanbic IBTC Bank Limited
– Standard Chartered Bank Limited
– Sterling Bank Limited
– Titan Trust Bank Limited
– Union Bank of Nigeria Plc
– Unity Bank Plc
– Wema Bank Plc
– Premium Trust Bank Limited
– Optimus Bank Limited
Banks in this category are authorised to provide banking services nationwide.
3. Banks with Regional Licenses:
– Providus Bank Limited
– Parallex Bank Limited
– Suntrust Bank Nigeria Limited
– Signature Bank Limited
Within particular regions of Nigeria, regional banks provide services.
4. Nationally Authorized Non-Interest Banks:
– Jaiz Bank Plc
– Taj Bank Limited
– Lotus Bank Limited
– Alternative Bank Limited
These banks serve a variety of consumer needs by offering non-interest banking services.
5. Banks for Merchants:
– Coronation Merchant Bank Limited
– FBN Merchant Bank Limited
– FSDH Merchant Bank Limited
– Greenwich Merchant Bank Limited
– Nova Merchant Bank Limited
– Rand Merchant Bank Limited
Investment banking and related services are the main emphasis of merchant banks.
6. Holding Companies for Financial Products:
– Access Holdings Plc
– FBN Holdings Plc
– FCMB Group Plc
– FSDH Holding Company Limited
– Guaranty Trust Holding Company Plc
– Stanbic IBTC Holdings Plc
– Sterling Financial Holdings Limited
These businesses oversee numerous financial subsidiaries, which increases their sway over a range of financial services.
7. Office of Representative:
– The Mauritius Commercial Bank Representative Office (Nigeria) Limited
The Mauritius Commercial Bank has a liaison point in the single representative office.