How Many Banks are in Nigeria? List of banks in Nigeria and their Headquarters

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The Central Bank of Nigeria (CBN) monitors, controls and regulates the operation of all commercial banks and financial institutions in the country. So many people do ask “how many banks are in Nigeria?”.

Well, today we shall be answering such a question. In this article, we will list out the list of banks in Nigeria and their headquarters.

Due to regulation issues and banks not meeting the standard set by CBN, the number of banks in Nigeria has gradually been reducing over the years. Commercial banks have to resort to mergers, reacquisition and more these days. Not all banks can meet the 25 billion Naira capital set by the CBN and the Nigerian Government.

How many banks are in Nigeria?

As of today, there are 26 banks currently operating in Nigeria. The latest bank to disappear from the equation is Diamond Bank, which was recently bought by Access Bank. The banks are classified into different categories.

Below are the categories of banks we have in Nigeria;

  • Commercial Banks: This is further divided into regional, international and national authorizations.
  • Non-interest Banks
  • Merchant Banks

List of banks in Nigeria and their headquarters

Below is the full list of banks in Nigeria and their headquarters;

Access Bank

This is a commercial bank with international authorization. In 1989, the bank acquired its banking license from CBN.

Access Bank’s headquarters: 999c, Danmole Street, Off Idejo Street, Off Adeola Odeku Street, Victoria Island, Lagos. Website: www.accessbankplc.com

Fidelity Bank

Fidelity Bank is also a commercial bank with international authorization. The bank got its banking license from CBN in 2011.

Headquarters is 21, Ahmadu Bello Way, Victoria Island, Lagos. Website: www.fidelitybank.ng

First City Monument Bank (FCMB)

FCMB is a full-service banking group with a license from CBN. It’s a commercial bank with international authorization.

Their headquarters is Kofo Abayomi Street, Victoria Island, Lagos. Official website: www.fcmb.com

First Bank of Nigeria

First Bank is Nigeria’s oldest bank till date. The bank has been stable for so many years. Its headquarters is located at Samuel Asabia House, 35 Marina Street, Lagos. Official website: www.firstbanknigeria.com

Guaranty Trust Bank

Popular known as GTB, Guaranty Trust Bank is a commercial bank with international authorization. It offers various financial services such as Asset management, Investment banking, Loans, Mutual funds e.t.c.

The headquarters of GTB is located at 635, Akin Adesola Street, Victoria Island, Lagos. Official website: www.gtbank.com

Union Bank

Union Bank is another commercial bank with international authorization. The bank headquarters is located at Stallion Plaza, 36 Marina Street, Lagos. Official website: www.unionbankng.com

United Bank for Africa

Next on the list of banks and their headquarters is United Bank for Africa (UBA). UBA is a Pan-African bank with international licensing. Its headquarters is at 57 Marina Street, Lagos. Official website: www.ubagroup.com

Zenith Bank PLC

Zenith Bank was established in 1990 and has international licensing from CBN. Their headquarters is at Plot 84, Ajose Adeogun Street, Victoria Island, Lagos. Website: www.zenithbank.com

Citi Bank

Citi Bank is a commercial bank with national authorization from CBN. The bank’s headquarters is at 27, Kofo Abayomi Street, Victoria Island, Lagos. Official website: www.citi.com

Heritage Banking Company

Heritage Banking Company Limited is popularly known as Heritage Bank. It is a commercial bank with national authorization from CBN. The headquarters of Heritage Bank is at 292b, Ajose Adeogun Street, Victoria Island, Lagos. Official website: http://www.hbng.com/

Keystone Bank

Keystone Bank is another commercial bank in Nigeria with national authorization. The bank’s headquarters is at Keystone House, 1, Keystone Crescent, Victoria Island, Lagos. Official website: www.keystonebankng.com

Ecobank Nigeria

Ecobank is a Pan-African bank with national licensing from the Central Bank of Nigeria. Their headquarters is at 21, Ahmadu Bello Way, Victoria Island, Lagos. Official website: www.ecobank.com

Polaris Bank

Polaris Bank is a new commercial bank. They bought the assets and limited of Skye Bank after its license was revoked by the CBN. Polaris Bank headquarters is at 3 Akin Adesola Street Victoria Island, Lagos, Lagos State. Official website: www.polarisbanklimited.com

Stanbic IBTC Bank

Stanbic IBTC Bank is a commercial bank with national licensing. The bank’s headquarters is at IBTC Place, Walter Carrington Crescent, P.O. Box 71707, Victoria Island, Lagos. Official website: www.stanbicibtc.com

Sterling Bank

Sterling Bank is fully licensed by the Central Bank of Nigeria as a commercial bank. Their headquarters is at Sterling Towers, 20 Marina Street, Lagos. Website: www.sterlingbankng.com

Unity Bank

Unity Bank is a national authorized commercial bank in Nigeria. Their headquarters is located at Plot 785, Herbert Macaulay Way, Central Business District, Abuja. Website: www.unitybankng.com

Standard Chartered Bank

Standard Chartered Bank operates as a commercial bank in Nigeria. They got national authorization from CBN.

Their headquarters is located at 142, Ahmadu Bello Way, Victoria Island, Lagos. Official website: www.sc.com/ng

Wema Bank

Wema Bank is a licensed commercial bank with national authorization. The bank’s headquarters is located at Wema Towers, 54 Marina Street, Lagos Island, Lagos. Website: www.wemabank.com/

SunTrust Bank Nigeria Limited

The next bank we have on the list of banks in Nigeria and their headquarters is SunTrust Bank. This is a commercial bank with regional authorization. SunTrust Bank headquarters is at 1, Oladele Olashore Street, Victoria Island, Lagos. Website: www.suntrustng.com

Providus Bank

Providus Bank is licensed by CBN as a regional commercial bank. Their headquarters is at Plot 54, Adetokunbo Ademola Street, Victoria Island, Lagos. Website: www.providusbank.com

Jaiz Bank

Jaiz Bank is the only non-interest bank with a license from CBN. The operates under the Islamic banking principles and is headquartered at Kano House, Plot 73, Ralph Shodeinde Street, Central Business District, Abuja. Website: jaizbankplc.com/

Coronation Merchant Bank

Coronation Bank is one of the merchant banks in Nigeria. In 2018, it was named “Best Investment Bank” in Nigeria during the World Finance Investment Banking Awards. The bank’s headquarters is located at St. Nicholas House, 6th Floor, 28A, Catholic Mission Street, P.M.B 12511, Marina, Lagos. Website: www.coronationmb.com

FBNQuest Merchant Bank

FBNQuest is a fully licensed merchant bank and a member of FBN Holdings Plc. Its headquarters is located at 10, Keffi Street, Off South West, Awolowo Road, Ikoyi 101233, Lagos. Website: fbnquest.com

FSDH Merchant Bank

FSDH Merchant Bank is among the first merchant banks in Nigeria and was licensed in 2012. Their headquarters is at 1/5 Odunlami St, Lagos Island, Lagos. Website: www.fsdhgroup.com

Rand Merchant Bank

Rand Merchant Bank is a South African owned merchant bank with operation in Nigeria. Their headquarters is at 3rd Floor East Tower, Wings Office Complex, Victoria Island, Lagos. Website: www.rmb.com.ng

Nova Merchant Bank

Nova Merchant Bank is a bank with an interest in investment and wholesale. Their headquarters is located at 23 Kofo Abayomi St, Victoria Island, Lagos. Website: www.novamlb.com

There you have it, a comprehensive article on how many banks are in Nigeria? And also a list of banks in Nigeria and their headquarters.

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