The Nigerian Banking System has undergone a positive metamorphosis over the years and has now grown to be able to compete with her other peers all over the world. One of the major banking reforms in Nigeria took place in 2005/2006 which resulted to the merger and closure of some banks in Nigeria.
Only 25 banks were able to survive the period. Between 2006 to 2015, there have also been cases of change of ownership of some banks as well as merger/acquisition of some other banks. All of these have helped to strengthen the Nigerian banking industry.
List of Commercial Banks Operating in Nigeria:
Access Bank was founded in 1989. The Bank’s vision is to be the world’s most respected bank. Access Bank acquired Intercontinental Bank in 2011. The bank’s headquarters is located in Victoria Island area of Lagos on Plot 999c, Danmole Street, off Adeola Odeku/Idejo Street.
Citibank was founded in 1812 with her headquarters in New York City in the United States of America. Her slogan is citi never sleeps and she has a network of 12 branches, of which 4 is in Lagos, Abuja, Warri, Bonny, Kano, Port Harcourt, Aba, Ososa and Lanlate.
Their website is www.citibank.com.
Diamond Bank was founded on 20th December 1990 by Pascal G Dozie. The bank’s vision is to be a leading financial institution, with the best people, providing unequalled customer experience and delivering superior shareholder value. The bank’s headquarters is located in Victoria Island, Lagos.
Her website is www.diamondbank.com while her phone number is 0700-300-0000.
EcoBank was established in 1986 and her headquarters is located in Lagos. EcoBank acquired Oceanic Bank in the fourth quarter of 2011. Her headquarters is Located on Plot 21, Ahmadu Bello Way, Victoria Island, Lagos and her number is (234) 8003262265 or 07005000000. Her website is www.ecobank.com.
Enterprise Bank was founded in 2011 from Spring Bank which was founded in 2004. Her headquarters is on 143, Ahmadu Bello Way, Lagos. Her mission is to be the preferred bank for value creation.
Her website is www.entbankng.com, their phone number is 07003682265 and her email is firstname.lastname@example.org.
Fidelity Bank Plc was founded in 1988 and her headquarters is in 2, Kofo Abayomi Street, Victoria Island, Lagos, Nigeria. Her mission is to make financial services easy and accessible.
First Bank of Nigeria
First Bank of Nigeria was the first bank to operate in Nigeria as the name implies. She was founded as Bank of British West Africa in 1894 before she changed her name to FirstBank of Nigeria in 1979. Her vision is to be a clear leader and Nigeria’s bank of first choice. Her head address is on 35 Marina, P.O. Box 5216, Samuel Asabia House, Lagos.
First City Monument Bank (FCMB)
First City Monument Bank (FCMB) started operation in Nigeria on 20th April 1982. The bank was founded by Otunba Subomi Micheal Balogun and has her headquarters in Primrose Towers, 17A, Tinubu Street, Lagos State. Her vision is to be the premier financial services group of African origin. She acquired FinBank in February 2012.
FSDH Merchant Bank
FSDH Merchant Bank is one of the banks operating in Nigeria. The bank was incorporated in 1992 as First Securities Discount House Limited. Her Lagos address is 5th Floor, UAC House, 1/5 Odunlami Street, Marina.
Guaranty Trust Bank
Guarantee Trust Bank was founded on the 17th of January 1990. Her headquarters is located in Victoria Island on 635, Akin Adesola Street, Lagos. The bank’s vision is that they are a team driven to deliver the utmost in customer service. They are synonymous with innovation, building experience and superior financial performance and creating role models for society.
Heritage bank was founded in 1989 and her headquarters is on 292B, Ajose Adeogun Street, Victoria Island, Lagos. They can be reached on 01-8447731.
Keystone bank was founded in 2011 from Bank PHB which was founded in 2005 from a merger between Platinum Bank Plc and Habib Nigeria Bank Plc. Her vision is to set the pace in financial services delivery, creating utmost value for her stakeholders.
Their website is www.keystonebankng.com and they can be reached on 07080605000.
First Rand Limited
First Rand Limited is a bank which operates in South Africa, Nigeria and some other countries. The bank which was founded in 1998 has her headquarters in Johannesburg, South Africa.
Their website is www.firstrand.co.za.
Skye bank was founded in 2006 majorly from Prudent Bank which was founded in 1989. Prudent Bank merged with EIB International Bank, Bond Bank, Reliance Bank and Cooperative Bank to form Skye Bank. The headquarters of the bank is located on no 3, Akin Adesola Street, Victoria Island, Lagos. Her vision is to be a leading and first class commercial bank.
Stanbic IBTC Bank
Investment Banking & Trust Company Plc (IBTC) was founded in 1989, while Stanbic Bank Nigeria Limited was formed in 1991. Both banks merged together on the 24th of September, 2007.
Standard Chartered Plc
Standard Chartered was founded in 1969 with her headquarters in London. The bank operates in over 70 countries with more than 1,700 branches. The Nigerian version of her website is www.sc.com/ng and they can be reached on +234 1 270 4611-4.
Nigerian Acceptances Limited (NAL) was founded in 1960. She merged with Magnum Trust Bank, Indo-Nigeria Merchant Bank (INMB) NBM Bank and Trust Bank of Africa to form Sterling Bank in 2006. They also bought over Equitorial Trust Bank in 2011. Their head office is located in Sterling Towers, 20 Marina, Lagos Island. Their email is email@example.com. They can be reached on 01-4484481-5 and their website is www.sterlingbankng.com.
Union Bank Nigeria
Union Bank Nigeria was founded in 1917 with her headquarters in Stallion Plaza, 36 Marina, Lagos. Their e-mail address is firstname.lastname@example.org. They can be reached on +234-1-2716800 and the website is www.unionbankng.com.
United Bank for Africa (UBA)
UBA was founded in Nigeria in 1949. She however merged with Standard Trust Bank Plc in 2005. Her vision is to be the undisputed leading and dominant financial services institution in Africa.
Unity Bank was formed from a merger of 9 banks in 2006. The head office of the bank is located in Plot 785, Herbert Macaulay Way, CBD, Abuja.
Wema bank was founded in 1945 and has her headquarters in 54, Marina, Lagos. Her website is www.wemabank.com. They can be reached on +234 803 900 3700 and their email address is email@example.com.
Zenith Bank was founded in May 1990 by Jim Ovia and has her headquarters in Zenith Heights, Plot 84, Ajose Adeogun Street, Victoria Island, Lagos. Her vision is to become the leading Nigerian, technology-driven, global financial institution, providing a distinctively unique range of financial service.
Jaiz bank is a non interest bank operating in the Islamic principles in Nigeria. She was founded in 2003 and has her headquarters in Abuja, Nigeria. The Bank vision is to be the dominant non-interest financial services provider in Sub-Saharan Africa. They can be reached on +234 9 4605125.