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The list, which was made public on the CBN’s official website on Tuesday, provides insights into the banking landscape in Nigeriia, categorised by the types of licenses held by each institution.
A breakdown of the Nigerian banking landscape as released by
the apex bank below:
1.
Banks with International Authorisation:
–
Access Bank Limited
–
Fidelity Bank Plc
–
First City Monument Bank Limited
–
First Bank Nigeria Limited
–
Guaranty Trust Bank Limited
–
United Bank for Africa Plc
–
Zenith Bank Plc
These banks operate beyond Nigeria’s borders thereby
showcasing the international reach of the nation’s financial sector.
2.
Banks with National Authorisation:
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
Banks in this category are authorised to provide banking
services nationwide.
3. Banks with Regional Licenses:
– Providus Bank Limited
– Parallex Bank Limited
– Suntrust Bank Nigeria Limited
– Signature Bank Limited
Regional banks offer services within specific regions of
Nigeria.
4. Non-Interest Banks with National Authorisation:
– Jaiz Bank Plc
– Taj Bank Limited
– Lotus Bank Limited
– Alternative Bank Limited
These banks provide non-interest banking services, catering
to the diverse needs of customers.
5. Merchant Banks:
– Coronation Merchant Bank Limited
– FBN Merchant Bank Limited
– FSDH Merchant Bank Limited
– Greenwich Merchant Bank Limited
– Nova Merchant Bank Limited
– Rand Merchant Bank Limited
Merchant banks focus on investment banking and related
services.
6. Financial Holding Companies:
– 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
These companies control multiple financial subsidiaries,
expanding their influence across various financial services.
7. Representative Office:
– The Mauritius Commercial Bank Representative Office
(Nigeria) Limited
The sole representative office provides a liaison point for
The Mauritius Commercial Bank.
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