List of CBN licensed deposit money banks, other financial institutions

Segun Adeyemi 11:19 - 08 May 2024

CBN governor, Olayemi Cardoso. [Getty Images/Channels TV]

The Central Bank of Nigeria (CBN) has unveiled an extensive roster of accredited Deposit Money Banks active nationwide.

The list, published on the CBN's official website this Tuesday, offers a detailed overview of Nigeria's banking sector.

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 of Africa Plc.
Zenith Bank Plc

Commercial 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.

Commercial banks with regional licenses

Providus Bank Limited.
Parallex Bank Limited.
Suntrust Bank Nigeria Limited.
Signature Bank Limited.

Non-interest banking sector with national authorisation

Jaiz Bank Plc.
Taj Bank Limited.
Lotus Bank Limited.
Alternative Bank Limited.

The top banks in the merchant banking sector include 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.

Among 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 also mentioned as the sole representative office.