The Central Bank of Nigeria (CBN) has released an updated list of licensed deposit money banks operating in Nigeria as of April 26, 2024.
The list made available to Okay.ng on Tuesday, May 7th, 2024, includes commercial banks with international and national authorization, merchant banks, non-interest banks, financial holding companies, and a representative office.
See the breakdown below:
Commercial Banks with International Authorization
The list comprises 21 commercial banks with international authorization. These include prominent names such as:
- Access Bank Limited
- Fidelity Bank PLC
- First City Monument Bank Limited
- First Bank Nigeria Limited
- Guaranty Trust Bank Limited
- United Bank of Africa PLC
- Zenith Bank PLC
These banks are headquartered in Lagos State and have a widespread presence across Nigeria and international operations.
Commercial Banks with National Authorization
There are 5 commercial banks with national authorization on the list, including
- Optimus Bank Limited
- Providus Bank Limited
- Parallex Bank Limited
- Suntrust Bank Nigeria Limited
- Signature Bank Limited.
While most are based in Lagos, Signature Bank Limited has its head office in Abuja, the Federal Capital Territory.
Non-Interest Banking License with National Authorization
The list includes 3 banks operating under a non-interest banking license with national authorization:
- Jaiz Bank PLC
- Taj Bank Limited
- Lotus Bank Limited
Jaiz Bank PLC is headquartered in Abuja, while Taj Bank Limited and Lotus Bank Limited are based in Lagos.
Merchant Banks
There are 6 merchant banks on the list, including:
- Coronation Merchant Bank Limited
- FBN Merchant Bank Limited
- FSDH Merchant Bank Limited
- Greenwich Merchant Bank Limited
- Nova Merchant Bank Limited
- Rand Merchant Bank Limited
All of these merchant banks are headquartered in Lagos
Financial Holding Companies
The list also includes 5 financial holding companies in Nigeria, they are:
- 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
Representative Office
The Mauritius Commercial Bank Representative Office (Nigeria) Limited is the sole representative office listed, with its office located in Lagos.
| SN | Name of Institution | Head Office Address | State |
|---|---|---|---|
| 1 | ACCESS BANK LIMITED | 14/15, Prince Alaba Oniru Road, Victoria Island | Lagos |
| 2 | FIDELITY BANK PLC | 2, Kofo Abayomi Street, Victoria Island | Lagos |
| 3 | FIRST CITY MONUMENT BANK LIMITED | Primose Towers, 17a, Tinubu Street | Lagos |
| 4 | FIRST BANK NIGERIA LIMITED | Samuel Asabia House, 35 Marina | Lagos |
| 5 | GUARANTY TRUST BANK LIMITED | 635, Akin Adesola Street, Victoria Island | Lagos |
| 6 | UNITED BANK OF AFRICA PLC | 57 Marina | Lagos |
| 7 | ZENITH BANK PLC | Plot 84, Ajose Adeogun Street, Victoria Island | Lagos |
| 8 | CITIBANK NIGERIA LIMITED | 27, Kofo Abayomi Street, Victoria Island | Lagos |
| 9 | ECOBANK NIGERIA LIMITED | 21, Ahmadu Bello Way, Victoria Island | Lagos |
| 10 | HERITAGE BANK PLC | 292b, Ajose Adeogun Street, Victoria Island | Lagos |
| 11 | GLOBUS BANK LIMITED | No. 6 Adeyemo Alakija Street, Victoria Island | Lagos |
| 12 | KEYSTONE BANK LIMITED | Keystone House, 1, Keystone Crescent, Victoria Island | Lagos |
| 13 | POLARIS BANK LIMITED | 3, Akin Adesola Street, Victoria Island | Lagos |
| 14 | STANBIC IBTC BANK LIMITED | IBTC Place, Walter Carrington Crescent, Victoria Island | Lagos |
| 15 | STANDARD CHARTERED BANK LIMITED | 142, Ahmadu Bello Way, Victoria Island | Lagos |
| 16 | STERLING BANK LIMITED | Sterling Towers, 20 Marina | Lagos |
| 17 | TITAN TRUST BANK LIMITED | Plot 1680 Sanusi Fafunwa Street, Victoria Island | Lagos |
| 18 | UNION BANK OF NIGERIA PLC | Stallion Plaza, 36 Marina | Lagos |
| 19 | UNITY BANK PLC | Plot 42, Ahmed Onibudo Street, Victoria Island | Lagos |
| 20 | WEMA BANK PLC | Wema Towers, 54 Marina, Lagos Island | Lagos |
| 21 | PREMIUM TRUST BANK LIMITED | Plot 1612 Adeola Hopewell Street Victoria Island | Lagos |
| 22 | OPTIMUS BANK LIMITED | No. 55, Bishop Oluwole Street, Victoria Island | Lagos |
| 23 | PROVIDUS BANK LIMITED | Plot 54, Adetokunbo Ademola Street, Victoria Island | Lagos |
| 24 | PARALLEX BANK LIMITED | 31B, Oyeleke Street, Alausa, Ikeja | Lagos |
| 25 | SUNTRUST BANK NIGERIA LIMITED | 1, Oladele Olashore Street, Victoria Island | Lagos |
| 26 | SIGNATURE BANK LIMITED | Plot 31B, Gana Street, Maitama | Abuja |
| 27 | JAIZ BANK PLC | Plot 1073 J.S.Tarka Street, Area 3 Garki | Abuja |
| 28 | TAJ BANK LIMITED | Plot 72, Ahmadu Bello Way, Central Business District | Abuja |
| 29 | LOTUS BANK LIMITED | 30A, Adetokunbo Ademola Street, Victoria Island | Lagos |
| 30 | ALTERNATIVE BANK LIMITED | Sterling Towers, 20 Marina, Street Island | Lagos |
| 31 | CORONATION MERCHANT BANK LIMITED | St. Nicholas House, 6th Floor, 28A, Catholic Mission Street, P.M.B 12511, Marina | Lagos |
| 32 | FBN MERCHANT BANK LIMITED | 2, Broad Street, P.O. Box 4238 | Lagos |
| 33 | FSDH MERCHANT BANK LIMITED | UAC House, 5th-8th Floor, 1/5 Odunlami Street, P.M.B 12913 | Lagos |
| 34 | GREENWICH MERCHANT BANK LIMITED | Plot 1698A Oyin Jolayemi Street, P. M. B. 80074, Victoria Island | Lagos |
| 35 | NOVA MERCHANT BANK LIMITED | 23, Kofo Abayomi Street, Victoria Island | Lagos |
| 36 | RAND MERCHANT BANK LIMITED | 3rd Floor Wings East Tower, 17A, Ozumba Mbadiwe Street, Victoria Island | Lagos |
| 37 | ACCESS HOLDINGS PLC | 14 Alaba Oniru Street, Oniru Estate | Lagos |
| 38 | FBN HOLDINGS PLC | Samuel Asabia House, 35 Marina, P.O. Box 5216 | Lagos |
| 39 | FCMB GROUP PLC | First City Plaza, 44 Marina | Lagos |
| 40 | FSDH HOLDING COMPANY LIMITED | UAC House, (5th -8th Floors), 1/5 Odunlami Street | Lagos |
| 41 | GUARANTY TRUST HOLDING COMPANY PLC | Plot 635, Akin Adesola Street, Victoria Island | Lagos |
| 42 | STANBIC IBTC HOLDINGS PLC | I.B.T.C Place, Walter Carrington Crescent, P.O. Box 71707, Victoria Island | Lagos |
| 43 | STERLING FINANCIAL HOLDINGS LIMITED | NO 22 Marina | Lagos |
| 44 | The Mauritius Commercial Bank Representative Office(Nigeria) Limited | Room 103, 10th floor, Standard Chartered Bank Building, 142, Ahmadu Bello Way, Victoria Island | Lagos |
