This article contains ⇒ current List of Commercial Banks in Nigeria, their operational Details, websites and contact information.
Nigeria has currently 25 licensed commercial banks operating in Nigeria with Central Bank of Nigeria (CBN) being the apex bank or Bankers’ bank. Before Bank Consolidation in Nigeria, there are 89 Legacy Banks in Nigeria . Central Bank of Nigeria (CBN) monitors, controls and/regulates and finances the activities of all commercial banks and financial institutions in Nigeria.
The consolidation of banks was in line with CBN’s directive that Nigerian banks which had no solid financial backbone should be shutdown. The result was the merger of Nigerian banks in few years ago. The merging continues…as Access Bank Plc takes over Diamond bank.
Before I continue to talk about the list of commercial banks in Nigeria, operational Details and contact information; let’s look at the different types of commercial banks in Nigeria
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Different Types of Commercial Banks in Nigeria
The different types of Commercial banks in Nigeria include;
- commercial banks licensed by CBN for national operations
- Banks licensed by CBN to run commercial banking services with international authorization.
- Commercial banking license by CBN to operate with regional authorization.
- Nigeria bank licensed by the CBN (having non-interest banking service) with national authorization. Example is Jaiz bank.
- Merchant bank licensed by CBN with national authorization
- Financial holding companies in Nigeria operating as financial institutions
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Current Commercial Banks in Nigeria
Here is the list of current commercial banks in Nigeria with their website, contact address and operations across Nigeria;
- Access BankCitibank
- Citibank
Diamond Bank( Acquire by Access bank )- Ecobank Nigeria
Enterprise Bank Limited(Acquired by Heritage bank)- Fidelity bank
- First Bank of Nigeria
- First City Monument Bank
- Mainstreet Bank
- Guaranty Trust Bank
- Heritage Bank Plc.
- Keystone Bank Limited
Skye Bank(now Polaris bank)- Stanbic IBTC Bank Nigeria Limited
- Standard Chartered Bank
- Sterling Bank
- Union Bank of Nigeria
- United Bank for Africa(UBA)
- Unity Bank Plc
- Wema Bank
- Zenith Bank
- Jaiz Bank Limited
- FCMB Group Plc
- FBN Holdings Plc
- Stanbic IBTC Holdings Plc
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- Access Bank: This bank acquired Intercontinental Bank and Diamond bank. Their headquarters is located at 999c, Danmole Street, Off Idejo Street, Off Adeola Odeku Street, Victoria Island, Lagos. They possess commercial banking license and international authorization
- Citibank: Citi is the oldest existing international bank in Nigeria, with service bank branches spread across the nation. They have their headquarters at 27, Kofo Abayomi Street, Victoria Island, Lagos. They possess commercial banking license and national authorization.
Diamond Bank: Access bank Plc has acquired Diamond bank.They are located at Plot 1261, Adeola Hopewell Street, Victoria Island, Lagos. They possess commercial banking license and international authorization- Ecobank Nigeria: They acquired Oceanic Bank at a point. Headquartered at 21, Ahmadu Bello Way, Victoria Island, Lagos. They possess commercial banking license and national authorization.
Enterprise Bank Limited: Heritage bank has acquired Enterprise bank limited.It was formerly Spring Bank. They possess national authorization- Fidelity Bank Nigeria: Headquartered at 2, Kofo Abayomi Street, Victoria Island, Lagos. They possess commercial banking license and international authorization.
- First Bank of Nigeria: They are located at Samuel Asabia House, 35 Marina, Lagos. They possess commercial banking license and international authorization.
- First City Monument Bank:The bank acquired FinBank at a point. Headquartered at Primose Towers, 17a, Tinubu Street, Lagos. They possess commercial banking license and nternational authorization.
- Mainstreet Bank: It is a Merchant Bank. Headquartered at UAC House, 5th-8th Floor, 1/5 Odunlami Street, P.M.B 12913, Lagos. They have merchant bank license and national authorization.
- Guaranty Trust Bank: It is commercial bank with a difference. Its Headquartered is at 635, Akin Adesola Street, Victoria Island, Lagos. They possess commercial banking license and international authorization.
- Heritage Bank Plc: its Headquartered is at 292b, Ajose Adeogun Street, Victoria Island, Lagos. They possess commercial banking license and national authorization.
- Keystone Bank Limited: Formerly known as Bank PHB. Its Headquartered is at Keystone House, 1, Keystone Crescent, Victoria Island, Lagos. They possess commercial banking license and national authorization.
Skye Bank: Polaris bank Limited has acquired Skye bank.Its Headquartered is at 3, Akin Adesola Street, Victoria Island, Lagos. They possess commercial banking license and international authorization.- Polaris Bank Limited: Formerly known as Skye bank is a commercial bank based in Nigeria and licensed by the Central Bank of Nigeria. Its Headquarters is at 3 Akin Adesola Street, Victoria inland, Lagos. Polaris bank is founded on September 24, 2018; 7 months ago, and its CEO is Tokunbo Abiru. Its subsidiaries include; Mainstreet Bank Limited, Law Union & Rock.
- Stanbic IBTC Bank Nigeria Limited: Its Headquartered is at IBTC Place, Walter Carrington Crescent, Victoria Island, Lagos. They possess commercial banking license and national authorization.
- Standard Chartered Bank: Its Headquartered is at 142, Ahmadu Bello Way, Victoria Island, Lagos. They possess commercial banking license and national authorization.
- Sterling Bank: They acquired Equatorial Trust Bank at one point. Its Headquartered is at Sterling Towers, 20 Marina, Lagos. They possess commercial banking license and national authorization.
- Union Bank of Nigeria: The bank is owned by Union Global Partners Limited. Headquartered at Stallion Plaza, 36 Marina, Lagos. They possess commercial banking license and international authorization.
- United Bank for Africa: Its Headquartered is at 57 Marina, Lagos. They possess commercial banking license and international authorization.
- Unity Bank Plc: Its Headquartered is at Plot 785, Herbert Macaulay Way, Central Business District, Abuja. They possess commercial banking license and national authorization.
- Wema Bank: Its Headquartered is at Wema Towers, 54 Marina, Lagos Island, Lagos. They possess commercial banking license and national authorization.
- Zenith Bank: Its Headquartered is at Plot 84, Ajose Adeogun Street, Victoria Island, Lagos. They possess commercial banking license and international authorization.
- Jaiz Bank Limited: Its Headquartered is at Kano House, Plot 73, Ralph Shodeinde Street, Central Business District, Abuja. They have non-interest banking license and national authorization. It is the first and only non-interest bank in Nigeria.
- FCMB Group Plc: Its Headquartered is at First City Plaza, 44 Marina, Lagos. They possess commercial banking license and have financial holding companies in Nigeria.
- FBN Holdings Plc: its Headquartered is at Samuel Asabia House, 35 Marina, P.O. Box 5216, Lagos. They have financial holding companies in Nigeria.
- Stanbic IBTC Holdings Plc: Its Headquartered is at I.B.T.C Place, Walter Carrington Crescent, P.O. Box 71707, Victoria Island, Lagos.
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Commercial Banks in Nigeria, Head Offices and Websites
1. Access Bank; 999c, Danmole Street, Off Idejo Street, Off Adeola Odeku Street, Victoria Island, Lagos. http://www.accessbankplc.com
2. CitiBank Nigeria; 27, Kofo Abayomi Street, Victoria Island, Lagos. 1261, Adeola Hopewell Street, P.O.Box 70381, Victoria Island, Lagos
4. Ecobank Nigeria; 21, Ahmadu Bello Way, Victoria Island, Lagos.
5. Enterprise BankHeritage bankPlot 143, Ahmadu Bello way, Victoria Island, Lagos
6. Fidelity Bank; 2, Kofo Abayomi Street, Victoria Island Lagos.
7. First Bank Nigeria; Samuel Asabia House, 35, Marina, Lagos.
8. First City Monument Bank (FCMB); Primrose Towers, 17A, Tinubu Street, P.O.Box 9117, Lagos State, Nigeria. https://www.fcmb.com/
9. Guaranty Trust Bank (GTB); 635, Akin Adesola Street, Victoria Island, Lagos, Nigeria.
10. Heritage Bank; 292B, Ajose Adeogun Street, Victoria Island, Lagos. https://www.hbng.com/
11. Keystone Bank; Keystone House, 1, Keystone Cresent, Victoria Island, Lagos.
12. Mainstreet Bank; Afribank Plaza, 14th Floor, 51/55, Broad Street, Lagos
13. Skye Bank Polaris Bank; 3, Akin Adesola Street, Victoria Island, Lagos. http://www.skyebankng.com
https://www.polarisbanklimited.com
14. Stanbic IBTC Bank; IBTC Place, Walter Carrington Cresent, Victoria Island, Lagos.
15. Standard Chartered Bank; Sterling Towers, 20, Marina, Lagos.
16. Sterling Bank; Sterling Towers, 20, Marina, Lagos.
17. SunTrust Bank Nigeria; 1 Oladele Olashore Street, Victoria Island, Lagos
18. Union Bank; Stallion Plaza, 36 Marina, Lagos.
19. United Bank For Africa (UBA); 57, Marina, Lagos.
20. Unity Bank; Plot 497, Central Business District, Abogo Largema Street, Abuja.
21. Wema Bank; Wema Towers 54, Marina, Lagos Island, Lagos.
22. Zenith Bank; Plot 84, Ajose Adeogun Street, Victoria Island, Lagos.
23. Jaiz Bank; 73 Ralph Shodeinde Street, Central Business District, P.M.B. 31, Garki, Abuja, Nigeria.
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New Updates/Summary on commercial banks in Nigeria
- Licensed commercial banks in Nigeria is longer up to 25 in number
- Access Bank, Firstbank, Fidelity bank, United Bank of Africa (UBA), Union Bank, Guaranty Trust Bank (GTB), StandIBTC Bank and Zenith Bank have both national and international authorization
- Access bank Plc has acquired Diamond bank Plc and all properties of Diamond bank transfer Access Bank Plc.
- Heritage bank has acquired Enterprise bank Limited and all properties of Enterprise bank transfer to Heritage bank.
- Polaris bank limited has acquired Skye bank.
- Skye bank is now called Polaris bank
We’ll update this post on any recent changes.
Good for keeping me posted