This article is about the various commercial banks in Nigeria licensed by the Central Bank of Nigeria to operate in the banking industry.
It is the duty of the Central Bank of Nigeria to provide space for the activities of these banks and regulate their affairs. Over the years the CBN has cut down the number of banks in the country and this has forced some to merge and become even stronger.
Full List of CBN Registered Commercial Banks in Nigeria
Access bank are one of the leading financial institutions in the country. The bank was established in 1988 and was incorporated as a privately owned commercial bank in 1989. After recording much successes in its operations, Access bank was then listed on the Nigeria Stock Exchange on November 18, 1998 before it obtained a Banking License from the CBN in 2001.
Over the years, Access Bank Plc. has grown into a world-class African financial institution. No wonder it has been listed to be one of the top five largest banks in Nigeria in terms of assets, deposits, loans and branch network which has been dully achieved with a sound management team using a robust long-term method to offer client solutions and innovative advice.
In terms of corporate banking, Access Bank has established its strength and success by applying qualified expertise to the various personal and business banking platforms to deliver sustainable economic growth that is profitable and socially relevant. The bank has about 9,000 employees and recorded a total assets of US$12.2 billion i.e N2.412 trillion in 2015.
With over 300 registered branches in different states of the country, customers can walk into any of its outlets to see the various banking service offered by this bank.
Some of their services include:
- Internet banking
- Mobile banking
- Savings account
- Current account
- Fixed account
- Fixed deposit
- Online banking
- Funds transfer
- ATM services
- Health Insurance
Access bank head office is located at Plot 999c, Danmole Street. Off Adeola Odeku/Idejo Street Victoria Island, Lagos Nigeria.
Citibank Nigeria Limited
Citibank is one of the oldest surving international banks in Nigeria. This financial institution has a lot of branches spread across the nation. With its advanced and in-depth knowledge of the local market, Citibank aims to provide appropriate banking solutions to its many clients, thereby creating value and providing efficient service delivery to while maintaining a robust risk free control environment.
Citi also stands out as one registered commercial banks operating in the country, welcoming innovative ideas that are more transparent which ensures a level playing field for all market operators. Approved by the Central Bank of Nigeria, Citibank have brought local banking standards closer to international best practices in their corporate governance standards.
Citibank Head office branch address is at Charles S. Sankey House, 27 Kofo Abayomi Street, Victoria Island, Lagos. Telephone: +234 1 279 8400 or +234 1 463 8400.
Another customer friendly bank to open a savings account with in the country is Diamond bank. This leading financial service provider is driven by innovation, operating with the most advanced banking technology platform in the market. In 2012, the company recorded a total assets of ₦1.7 trillion (US$7.3 billion) with a revenue of ₦28 billion before tax gained.
Diamond Bank PLC started as a private limited liability company in 1991 before it was approved by the CBN to operate in 2001. In January 2005, the bank’s equity base was increased following a Private Placement share business and it became a public limited company.
In May 2005, the Bank was listed on The Nigerian Stock Exchange and in 2008, was also listed on the Professional Securities Market of the London Stock Exchange becoming the first bank in Africa to create such record.
Diamond bank has presence in other African countries like Senegal,Benin Republic, Togo and even branches in Côte d’Ivoire. Today, the bank operates in more than 350 branch offices in Nigeria and its headquaters is at PGD’s Place, Plot 4, Block 5, BIS Way, off Lekki-Epe Expressway, Lekki, Lagos. Customer care number is +234-01-4489830, 0700-300-0000. Fax: +234-1-2619728.
Some of Diamond banking services include:
- ATM Services
- Mobile App
- POS services
- Cash Withdrawal
- Dormicilliary account
- Savings account xtra
- Issuance of cheque book
- Internet and Mobile banking, etc.
Ecobank Nigeria is one of the top commercial banks licensed by the Central Bank of Nigeria, the national banking regulator. The company began operations in 1986, operating as a universal bank whose aim is to provide wholesale, retail, corporate, investment and transaction banking services to its customers in the Nigerian market.
Due to the merger between Oceanic bank and Ecobank in 2011, Ecobank Nigeria became a strong financial institution controlling total assets valued at approximately US$8.1 billion (NGN:1.32 trillion). This made the company one of largest banks in Nigeria in 2011. As at writing this article, the bank has over 700 operational branches in different states of the country, making it the second-largest bank in the country with the highest number of branches.
The following persons make up the board of directors in the bank currently.
- Ade AYEYEMI – Group Chief Executive Officer
- Adebiyi Olagbami – Executive Director
- Charles Kie – Managing Director
- Funmi Oyetunji – Non-Executive Director
- Olufemi Ayeni – Independent Director
- Mallam Garba Imam – Non-Executive Director
- Akintayo Dada – Executive Director
- Franca Ovadje Non – Executive Director
- Carol Oyedeji – Executive Director
- John Oche Aboh – Chairman of the Board
Ecobank Nigeria Plc head office is located at 2, Ajose Adeogun Street, Victoria Island, Lagos Phone: +234 1 2626638-88, 2626710-17; Fax: +234 1 2616568, 2620920. Website: http://www.ecobank.com.