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LIST OF COMMERICAL BANK IN NIGERIA

List of commercial banks with

International Authorization in

Nigeria

Access Bank Plc

Access Bank plc is a multinational commercial bank owned by
Access Bank Group. It acquired a license from Central Bank of
Nigeria (CBN) in 1989 and has been featured in the Nigerian
Stock Exchange since 1998.
Access Bank announced the conclusion of its acquisition of the
former Intercontinental Bank in 2012, and is currently considered
to be among the 4 largest banks in Nigeria with over 5.7 million
customers, 309 branches within Nigeria alone.
Headquarters: 999c, Danmole Street, Off Idejo Street, Off
Adeola Odeku Street, Victoria Island, Lagos.
Website : www.accessbankplc.com

Diamond Bank

Diamond Bank started as a private limited liability company on
the 21 of March 1991 after its incorporation in 1990, and
became a universal bank in 2001. In May 2005, the Bank was
listed on The Nigerian Stock Exchange. As of 2012, Diamond
Bank PLC was estimated to have assets totally a net worth of
₦1.7 trillion (US$7.3 Billion).
Headquarters: Plot 1261, Adeola Hopewell Street, Victoria
Island, Lagos.
Official website : diamondbank.com

Fidelity Bank Plc

Fidelity Bank is a commercial bank in Nigeria. It is licensed with
international authorization by the Central Bank of Nigeria
(CBN), the central bank and national banking regulator. Its
International Banking License was obtained in the year 2011.
And since then has continued to wax in strength and stability.
Fidelity is currently ranked among Nigeria’s most capitalized
banks, with tier-one capital of nearly USD1 billion (One Billion
US Dollars).
Headquarters: 21, Ahmadu Bello Way, Victoria Island, Lagos.
Website : www.fidelitybank.ng

First City Monument Bank Plc

First City Monument Bank (FCMB) Ltd, popularly referred to as
FCMB, is a full service banking group with International
licensing in Nigeria. Its assets were valued at US$$3.65 billion
(₦593.3 billion) as of December 2011, with shareholders’
equity of approximately US$772.2 million (NGN:117.4 billion).
Head office : Kofo Abayomi Street, Victoria Island, Lagos.
Official website : www.fcmb.com

First Bank of Nigeria Limited

First Bank of Nigeria, popularly referred to as FirstBank, is a
Nigerian bank with International licensing. It had assets totaling
₦3.9 trillion ($12.2B according to 2017 exchange rates), as of
December 2015.
FirstBank was named “The Best Bank Brand in Nigeria” for
five years in a row – from 2011 to 2015.
Headquarters: Samuel Asabia House, 35 Marina, Lagos.
Official website : www.firstbanknigeria.com

Guaranty Trust Bank PLC

Guaranty Trust Bank plc, popularly referred to as GTBank or
GTB is a Nigerian-based multinational financial institution that
offers Online/Internet Banking, Retail Banking, Corporate
Banking, Investment Banking, Asset Management services and
several other services. It currently employs over 10,000 workers
across the several its several countries of operation in Africa.
Headquarters: 635, Akin Adesola Street, Victoria Island, Lagos.
Official website : www.gtbank.com

Union Bank of Nigeria Plc

Union Bank of Nigeria Plc is a commercial bank in Nigeria with
international licensing. Its asset base was estimated at about
₦1,381 billion (US$4.1billion), with shareholders’ equity
estimated at ₦286 billion (US$851 million).
Headquarters: Stallion Plaza, 36 Marina, Lagos.
Official website : www.unionbankng.com

United Bank for Africa Plc

United Bank for Africa (UBA) Plc is a leading pan-African
financial services group with headquarters located in Nigeria. It
was founded in 1945 and is currently operational in over 20
African countries and has offices in 3 global locations: London,
Paris and New York.
How to transfer funds from UBA accounts using code
Headquarters: 57 Marina, Lagos.
Official website : www.ubagroup.com

Zenith Bank Plc

Zenith Bank is a multinational financial services provider
founded in May 1990. Its headquarters is located in Nigeria and
is licensed as a commercial bank by the Central Bank of Nigeria
(CBN), the central bank and national banking regulator.
Headquarters: Plot 84, Ajose Adeogun Street, Victoria Island,
Lagos.
Website : www.zenithbank.com

List of commercial banks with
National Authorization in Nigeria

Citi Bank Nigeria Limited

Citibank, founded in 1812, is the consumer division of financial
services multinational organization, Citigroup.Citibank provides
services in areas including credit cards, mortgages, personal
loans, commercial loans, and lines of credit. It currently has
National authorization licensing in Nigeria.
CitiBank Nigeria head office : 27, Kofo Abayomi Street, Victoria
Island, Lagos.
Official website : www.citi.com

Ecobank Nigeria PLC

Ecobank Nigeria Plc, widely recognized as Ecobank Nigeria, is a
commercial bank in Nigeria founded in 1986. It is one of the
commercial banks licensed by the Central Bank of Nigeria (CBN),
which assumes the role of the national banking regulator.
Headquarters: 21, Ahmadu Bello Way, Victoria Island, Lagos.
Official website : www.ecobank.com

Heritage Banking Company Limited

Heritage Bank Plc. (HB PLC), is popularly referred to as
Heritage Bank, is one of the commercial banks licensed by the
Central Bank of Nigeria (CBN) with National Authorization. HB
PLC had assets totaling a value of over US$1.7 billion (₦483.4
billion) as of December 2015.
Head office : 292b, Ajose Adeogun Street, Victoria Island, Lagos.
Official website : http://www.hbng.com/

Keystone Bank Limited

Keystone Bank Limited is one of the commercial banks licensed
by the Central Bank of Nigeria, which serves as the national
banking regulator. As of December 2012, Keystone’s total
assets were valued at US$1.916 billion (₦307.5 billion)
Head office : Keystone House, 1, Keystone Crescent, Victoria
Island, Lagos.
Official website : www.keystonebankng.com

Polaris Bank Limited (Formerly Skye

Bank Plc)

Polaris Bank is a commercial financial institution based in
Nigeria. It is licensed by the Central Bank of Nigeria, the
country’s banking regulator. It was previously called Skye
Bank until 2018, when its licensing was revoked by CBN, and as
a result had to undergo a re-branding and recapitalization
process.
Head office : 3 Akin Adesola Street Victoria Island, Lagos, Lagos
State
Official website: www.polarisbanklimited.com

Stanbic IBTC Bank PLC

Stanbic IBTC Holdings, or simply Stanbic IBTC, is a financial
service holding company in Nigeria with subsidiaries in banking,
stock brokerage, investment advisory, pension, among others.
Stanbic IBTC Holdings is in itself in subsidiary of the Standard
Bank Group, a financial services giant based in South Africa.
Stanbic IBTC currently has a National authorization license from
CBN to operate as a financial institution in Nigeria.
Stanbic IBTC head office in Nigeria: IBTC Place, Walter
Carrington Crescent, P.O. Box 71707, Victoria Island, Lagos.
Official website : www.stanbicibtc.com

Standard Chartered

Standard Chartered is a multi-national financial institution. It
currently operates as a commercial bank in Nigeria and has
national authorization licensing issued by the Central Bank of
Nigeria (CBN).
Head officie : 142, Ahmadu Bello Way, Victoria Island, Lagos.
Official website : www.sc.com/ng/

Sterling Bank PLC

Sterling Bank Plc is a fully functional national commercial bank
licensed by the Central Bank of Nigeria. As of December 2016,
Sterling had its total assets valued at over ₦834 billion, with
shareholders’ equity valued at ₦85.6 billion.
Head office : Sterling Towers, 20 Marina, Lagos.
Website : www.sterlingbankng.com/

Unity Bank PLC

Unity Bank is another fully functional national commercial bank
in Nigeria, with CBN licensing. As at 2013, its total assets had
an estimated value in excess of US$2.45 billion (₦396 billion),
with shareholders’ equity estimated to be around US$322
million (₦51.5 billion).
Headquarters: Plot 785, Herbert Macaulay Way, Central
Business District, Abuja.
Website : www.unitybankng.com/

Wema Bank Plc

Wema Bank Plc is fully licensed national commercial bank in
Nigeria, as issued by the CBN. As of 2015, it had a capital base
of over N43.8billion. It currently operates in over 150 branches
nationwide and is known to embrace digital innovations and
trends.
Headquarters: Wema Towers, 54 Marina, Lagos Island, Lagos.
Website : www.wemabank.com/
List of commercial banks with
Regional Authorization in Nigeria

SunTrust Bank Nigeria Limited

SunTrust Bank Nigeria Limited (STBNL) is a Nigerian financial
services provider currently licensed as a commercial bank with
regional authorization – by the Central Bank of Nigeria (CBN),
which plays the role of national banking regulator. Its regional
banking license was granted by the Central Bank of Nigeria in
November 2015, making it the first commercial bank to receive
such a license since 2001.
As of 2017, SunTrust Bank Nigeria Limited had assets totalling
over ₦26.56 billion (approximately US$74.24 million), with
shareholders’ equity of over ₦10.61 billion (approximately US
$29.7 million).
Headquarters: 1, Oladele Olashore Street, Victoria Island, Lagos.
Website : www.suntrustng.com

Providus Bank Limited

ProvidusBank is a financial institution that offers customized
business solutions and advanced products that meet business and
personal needs in several areas. It currently has commercial
banking license with regional authorization, as issued by CBN.
Headquarters: Plot 54, Adetokunbo Ademola Street, Victoria
Island, Lagos.
Website : www.providusbank.com
List of non-interest banks in
Nigeria

Jaiz Bank PLC

Jaiz Bank Plc, is the first and only operational non-interest bank
in Nigeria, with CBN licensing. It operates under Islamic
banking principles. As of December 2012, Jaiz had its total assets
valued at US$88.8 million (₦14.1 billion), with shareholders’
equity estimated to be about US$63.6 million (₦10.1 billion).
Headquarters: Kano House, Plot 73, Ralph Shodeinde Street,
Central Business District, Abuja.
Website : jaizbankplc.com/
List of merchant banks in Nigeria

Coronation Merchant Bank

Coronation Merchant Bank is a Nigeria-based investment bank
that provides innovative, long-term financial solutions to
corporations, state governments and other financial services
organizations. It offers product and service solutions in areas
including corporate banking, investment banking, wealth
management, asset and fund management, global markets,
securities trading and trust services.
Coronation Merchant Bank was named the Best Investment Bank
in Nigeria at the 2018 World Finance Investment Banking
Awards
Head office : St. Nicholas House, 6th Floor, 28A, Catholic
Mission Street, P.M.B 12511, Marina, Lagos.
Website : www.coronationmb.com

FBNQuest Merchant Bank

FBNQuest is one of the few licensed merchant banks in Nigeria.
It is the unified brand name for the Merchant Banking and Asset
Management businesses of FBN Holdings Plc, one of the
strongest and most dependable financial service groups in
countries within sub-Saharan Africa.
Headquarters: 10, Keffi Street, Off South West, Awolowo Road,
Ikoyi 101233, Lagos
Website : fbnquest.com

FSDH Merchant Bank

FSDH has been in existent for a long time and were among the
very first merchant banks to be awarded a license in Nigeria. It
was founded in 1992 and became licensed by the CBN in October,
2012.
Head office : 1/5 Odunlami St, Lagos Island, Lagos.
Website : www.fsdhgroup.com

Rand Merchant Bank

RMB is a South African-based financial institution that meet
needs in areas involving investment banking, fund management,
private wealth management and advisory services.
It is was founded in 1998, and currently operates in several
African countries. It recently acquired merchant licensing to
operating fully in Nigeria, which is part of its efforts to increase
its presence across other African countries.
RMD Head office in Nigeria : 3rd Floor East Tower, Wings
Office Complex, Victoria Island, Lagos
Website : www.rmb.com.ng

Nova Merchant Bank

Nova is one of the recently licensed Merchant Banks in Nigeria
with a focus on wholesale and investment banking. It covers
financial services in key areas including Corporate Banking,
Investment Banking, among others.
Head office : 23 Kofo Abayomi St, Victoria Island, Lagos
Website : www.novamlb.com

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