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Home » FULL LIST: Licensed Deposit Money Banks in Nigeria

FULL LIST: Licensed Deposit Money Banks in Nigeria

Adetunji Tobi by Adetunji Tobi
May 9, 2024
in Finance
0
Financial Fraud

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The Central Bank of Nigeria, has released a comprehensive list of licensed Deposit Money Banks operating within the country.

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The list, which was made public on the CBN’s official website on, provides insights into the banking landscape in Nigeria.

Banks with international authorisation include;

  • Access Bank Limited,
  • Fidelity Bank Plc,
  • First City Monument Bank Limited,
  • First Bank Nigeria Limited,
  • Guaranty Trust Bank Limited,
  • United Bank of Africa Plc, and
  • Zenith Bank Plc.

While Commercial banks with national authorisation include;

  • 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 and
  • Optimus Bank Limited.

Commercial banks with regional licenses are;

  • Providus Bank Limited,
  • Parallex Bank Limited,
  • Suntrust Bank Nigeria Limited, and
  • Signature Bank Limited.

Players in the non-interest banking sector with national authorisation include;

  • Jaiz Bank Plc,
  • Taj Bank Limited,
  • Lotus Bank Limited, and
  • Alternative Bank Limited.

In the merchant banking category, the apex banks listed, are;

  • Coronation Merchant Bank Limited,
  • FBN Merchant Bank Limited,
  • FSDH Merchant Bank Limited,
  • Greenwich Merchant Bank Limited,
  • Nova Merchant Bank Limited, and
  • Rand Merchant Bank Limited.

The financial holding companies listed were;

  • Access Holdings Plc,
  • FBN Holdings Plc,
  • FCMB Group Plc,
  • FSDH Holding Company Limited,
  • Guaranty Trust Holding Company Plc,
  • Stanbic IBTC Holdings Plc, and
  • Sterling Financial Holdings Limited.

The Mauritius Commercial Bank Representative Office (Nigeria) Limited was listed as the sole representative office.

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Author

  • Adetunji Tobi
    Adetunji Tobi

    Tobi Adetunji is a Business Reporter with Techeconomy. Contact: adetunji.tobi@techeconomy.ng

    View all posts
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Tags: banks in NigeriaCBN
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Adetunji Tobi

Adetunji Tobi

Tobi Adetunji is a Business Reporter with Techeconomy. Contact: adetunji.tobi@techeconomy.ng

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