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CBN releases full list of Nigerian Banks with authorization

CBN releases full list of Nigerian Banks with authorization


The Central Bank of Nigeria has published an extensive roster of authorized Deposit Money Banks functioning within the nation.

The roster, disclosed on the CBN’s official website on Tuesday, offers a glimpse into Nigeria’s banking sector.


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


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

Optimus Bank Limited

Commercial banks with regional licenses are:

Providus Bank Limited

Parallex Bank Limited

Suntrust Bank Nigeria Limited

Signature Bank Limited

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

Jaiz Bank Plc

Taj Bank Limited

Lotus Bank Limited

Alternative Bank Limited.

The merchant banking category include:

Coronation Merchant Bank Limited

FBN Merchant Bank Limited

FSDH Merchant Bank Limited

Greenwich Merchant Bank Limited

Nova Merchant Bank Limited

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

Sterling Financial Holdings Limited

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


Contents provided and/or opinions expressed here do not reflect the opinions of The Pacesetter Frontier Magazine or any employee thereof.

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