Home COMPANIES 22 Fully licensed commercial Banks in Nigeria (2020)

22 Fully licensed commercial Banks in Nigeria (2020)

22 Fully licensed commercial Banks in Nigeria (2020)

In this article, you’ll find the 22 fully licensed commercial banks in Nigeria, their addresses, and slogans. This information is important for job seekers in these firms.

The Nigeria Commercial Banks is well reformed with the help of apex bank known as Central Bank of Nigeria. Central Bank of Nigeria (CBN) plays a vital role is the regulatory and controls of other banks. The function of the central bank coupled with an insurance policy for depositors done by National Deposit Insurance Cooperation’s (NDIC) makes it possible for customers to deposit with the assurance their money is safe no matter what happens.

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That been said. At the time past, we have numerous banks in Nigeria but with recent reconsolidation, Nigeria now has 22 commercial banks. 

Some of these banks have national licensed and international authorization while some are only permitted to operate within some regions. 

Globus and Titans bank are the two recently licensed commercial Banks in Nigeria.

11 categories of financial institutions in Nigeria

  1. Bureau De-change (BDC’s)
  2. Commercial Banks
  3. Development Financial Institutions (DFI’s)
  4. Discount House
  5. Financial Companies (FC’s)
  6. Holding Companies
  7. Merchant Bank
  8. Microfinance Banks (MFB)
  9. Non-interest Banks
  10. Primary Mortgage Banks (PMB’s)
  11. Payment Service Banks(PSB’s)

All the aforementioned are supervised by Central Bank of Nigeria (CBN).

22 fully Licensed Commercial Banks in Nigeria

For the purpose of this article. We will only talk about 22 licensed commercial banks in Nigeria. 

1. Access Bank

 This bank is also known as Access Bank PLC. They are one of the best Nigerian banks today. They acquired Intercontinental Bank and recently acquired Diamond Bank PLC. They are known for top-notch customer service.

 Their corporate head office address is at 14/15, Prince Alaba Abiodun, Oniru Road, Victoria Island, Lagos.

Access Bank Slogan: Passion for Excellence

Visit their website at: www.accessbankplc.com

To know more about their office and Automatic Teller Machine (ATM) near you. Please visit https://www.accessbankplc.com/Contact-Us/Branch-ATM-Locator

2. Citibank of Nigeria

This is one of the foreign-owned banks in Nigeria. It was formerly called the Nigerian International Bank. Their head office is at 11 Idowu Taylor Street,

Victoria Island, Lagos, Nigeria.

Their products include; personal banking, mortgage, loan and investment banking.

Visit their website at https://citi.com/

3. Eco Bank of Nigeria

They are also known as Eco Bank Plc. They acquired Oceanic Bank. It is also important to note that they are one of the international authorized banks with national licenses.

Their head office is at 21, Ahmadu Bello Way, Victoria Island, Lagos. 

Eco Bank Slogan: The Pan African Bank

Visit their website at www.ecobank.com

4. Fidelity Bank PLC

They are also known as Fidelity Bank. They started as merchant banks before they migrated to commercial banks. Now, Fidelity Bank is an international authorized bank.

They have over 5million customers. They are specialized in corporate banking, small and medium enterprises. They recently developed systems that incorporated online retail banking.

Fidelity Bank Slogan: We are fidelity, We keep our Word

Visit their head office at  2 Kofo Abayomi Street, Victoria Island, Lagos, Nigeria.

5. First Bank of Nigeria

The bank is formerly called First Bank Limited. Sometimes First Bank PLc is regarded as FirstBank. They’re known as a premier bank in Nigeria with international authorization and national licenses.

Their head office is in Lagos at Samuel Asabia House, 35 Marina Lagos, Nigeria.

Their products include students loan, corporate accounts, business accounts, and many more.

First Bank Slogan: Banking for Good.

Visit their website at www.firstbanknigeria.com

6. First City Monument Bank

First City Monument Bank is one of the foremost in Nigeria. They’re known for retail and commercial banking. They are duly licensed. 

Their  head office is at  Primrose Tower, 17A, Tinubu Street, Marina, Lagos.

You can also mail them at customerservice@fcmb.com

Their website is official website is https://www.fcmb.com 

First City Monument Bank Slogan: My Bank and I.

7. Globus Bank

Globus Bank is one of the newly licensed commercial banks. For now, Globus Bank is licensed to operate as a regional Bank.

Their head office is at 6, Adeyemo Alakija Street, Victoria Island, Lagos.

The bank is at aim to become the best in digital banking.

Globus Bank Slogan: The Future of Banking Is Here.

Visit their official website at www.globusbank.com

 8. Guaranty Trust Bank

One of the leading digital banks in Nigeria is Guaranty Trust Bank. It is also known as Guaranty Trust Bank PLC. The Bank is fully licensed, international authorized and National licensed.

The Bank was the First to support account opening with zero balance. Some people called them, Bank of the people.

Guaranty Trust Bank Slogan: Wouldn’t You Rather Bank With Us.

Their head office is at Plot 1669, Oyin Jolayemi Street, Victoria Island, Lagos, Nigeria.

Visit their website at www.gtbplc.com

9. Heritage Banking Company Ltd

The bank is also known as Heritage Bank. This is one of the regional licensed commercial banks in Nigeria. 

Their head office is at Plot 292, Ajose Adeogun Street, Victoria Island, Lagos

, Nigeria.

Heritage Bank Slogan: The Right Makes A Difference.

You can also visit their website at www.hbng.com

10. Keystone Bank

Another commercial licensed Bank in Nigeria is Keystone Bank. The bank is said to form mergers with Platinum Bank and Habib Bank PLC. The bank is a National licensed bank.

You can visit their head office at Plot 707, Adeola Hopewell Street,

Victoria Island, Lagos, Nigeria.

Keystone Bank Slogan: Never Say never.

Visit their website at www.keystonebankng.com

11. Polaris Bank

The bank was established by the Central bank of Nigeria as a commercial bank. They acquired Skye Bank of Nigeria in September 2018.

They are well known for exception services in digital banking.

Visit their official website at www.polarisbanklimited.com

 Visit their head office at 3, Akin Adesola Street, Victoria Island, Lagos, Nigeria.

Polaris Bank Slogan: The Sky is Big Enough

You can also mail them at in info@polarisbank.com

12. Providus Bank

This is another commercial Bank in Nigeria that was granted regional authorization.

The bank was established in 2016.

The Bank is at House Opposite 511 Junction, 16 51 Rd, Festac Town, Lagos.

Slogan: Future Forward Building

13. Stanbic IBTC Bank

Stanbic IBTC Bank is one of the oldest banks in Nigeria serving government and privates enterprises. They are well known for excellent services rendered to pensioners. They are also national commercial Banks with international authorization.

Visit their head office at Stanbic IBTC Place, Walter Carrington Cres, Victoria Island, Lagos.

Stanbic IBTC Bank Slogan: Moving Forward

Visit their website at www.stanbicibtcbank.com

14. Standard Chartered Bank PLc

They are also known as Standard Chartered Bank. They are one of the strongest international authorized Banks with commercially licensed in Nigeria.

Standard Chartered Bank is also regional Bank with 22 branches in Lagos.

You can visit their head office at 142 Ahmadu Bello Way, Victoria Island, Lagos.

Standard Chartered Bank Slogan: Bank on the go with Breeze.

Visit their website at www.sc.com

15. Sterling Bank PLC

Sterling Bank PLC is also known as Sterling Bank is a full-fledged commercial bank with national license. The bank is formerly known as NAL Bank.

Sterling bank slogan: One Customer Bank.

You can visit their head office at Sterling Towers, 20 Marina, P.M.B. 12735, Lagos, Lagos State, Nigeria.

Visit their website at www.sterling.ng

16. SunTrust Bank Nigeria Limited

The bank is formerly known as SunTrust loan and savings Limited. They are commercial licensed bank in Nigeria.

Visit their head office at 1 Oladele Olashore Street, Victoria Island, Lagos, Nigeria.

SunTrust Bank slogan: How can we help you?

Visit their website at https://www.suntrust.com

17. Titan Trust Bank Limited

TitanTrust Bank is a newly licensed national commercial bank. They were established in September 2018 and fully licensed in April 2019. 

You can visit their head office at 1680 Sanusi Fafunwa St, Victoria Island, Lagos.

Visit their website at www.titantrustbank.com

18. Union Bank of Nigeria PLC

The bank is one of the leading commercial banks in Nigeria. The bank is also nationally licensed with international authorization.

The bank head office is at  36 Marina Rd, Lagos Island, Lagos.

Union Bank Slogan: Big, Strong and Reliable.

You can also visit the bank website at www.unionbankng.com

19. United Bank for Africa PLC

The bank is also known as UBA. The bank is also one of the leading and fully licensed commercial bank with branches in Africa. The bank is fast expanding to become one of the world-leading bank.

Their head office is at 57, Marina, Lagos Island Lagos State.

UBA Slogan: UBA Says You Can.

Visit their website at www.ubagroup.com

20. Unity Bank PLC

The bank also is known as Unity Bank. They specialized in SME and Agric-business financing. The comprises numerous banks merged as Unity Bank.

Their head office is at 42, Ahmed Onibudo Street, Victoria Island, Lagos.

Unity Bank Slogan: Succeeding Together

You can visit their website at www.unitybankng.com

21. Wema Bank PlC

The Bank is also known as Wema Bank. They are the longest surviving indigenous bank in Nigeria. They developed a digital banking app known as ALAT. 

Their head office address is at 54 Marina Rd, Lagos Island, Lagos.

Wema Bank Slogan: People Banking on People

You can visit their website at www.wemabank.com

Send them mail at info@wemabank.com

22. Zenith Bank Plc

The bank is also known as Zenith Bank. Their one of the leading banks in Nigeria with national licensed and international authorized. Their building is always standout with glasses around every corner of the Bank. 

Their head office is at Plot 87, Ajose Adeogun Street, Victoria Island, Lagos.

Zenith Bank Slogan: In Your Best Interest.

Visit their website at www.Zenithbank.com

Conclusion

Though, we have numerous financial institutions and service providers in Nigeria. The aforementioned are the 22 fully licensed commercial banks in Nigeria. The best way to start career with these banks remains through their graduate trainee program. You can as well enquire for Banks entry-level salary here.

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