Licensed Banks in Nigeria

The Central Bank of Nigeria (CBN) regulates the banking industry in Nigeria. The CBN has six license categories as follows:

1. Commercial banks (CBs).

2. Merchant banks (MBs).

3. Non-interest banks (NIBs).

4. Primary Mortgage Banks (PMBs).

5. Payment Service Banks (PSBs).

6. Micro-finance Banks (MFBs).

The CBN licensed 785 banks under the different categories as of August 2023 as follows:

Commercial Banks

• Access Bank Plc

• Citibank Nigeria Limited

• Ecobank Nigeria Plc

• First City Monument Bank Plc

• Globus Bank Limited

• Guaranty Trust Bank Plc

• Heritage Banking Company Ltd.

• Keystone Bank Limited

• Parallex Bank Ltd

• Polaris Bank Plc

• Premium Trust Bank

• Providus Bank

• Stanbic Ibtc Bank Plc

• Standard Chartered Bank Nigeria Ltd.

• Sterling Bank Plc

• Suntrust Bank Nigeria Limited

• Titan Trust Bank Ltd

• Union Bank of Nigeria Plc

• United Bank for Africa Plc

• Unity Bank Plc

• Wema Bank Plc

• Zenith Bank Plc

Merchant Banks

• Coronation Merchant Bank

• FBN Merchant Bank

• FSDH Merchant Bank

• Greenwich Merchant Bank

• Nova Merchant Bank

• Rand Merchant Bank

Non-Interest Banks

• Jaiz Bank Plc

• Lotus Bank Ltd

• Taj Bank

Primary Mortgage Institutions

• Abbey Mortgage Bank

• Ag Homes

• Akwa Savings

• Aso Savings & Loans

• Brent (Skyfield) Savings

• Centage Savings & Loans

• City Code

• Coop Savings & Loans

• Delta Mortgage Finance

• FBN Mortgages

• FHA Homes Ltd.

• First Generation Homes

• Gateway Savings

• Global Trust

• Haggai Mortgage Bank

• Home-Base Mortgage

• Imperial Homes

• Infinity Trust

• Jigawa Savings & Loans

• Jubilee-Life Mortgage Bank

• Kebbi State Homes

• Lagos Building & Investment

• Mayfresh Mortgage Bank

• MgGSL Mortgage Bank

• Mutual Alliance

• New Prudential

• Nigeria Police Mortgage Bank

• Omoluabi (Livingspring)

• Platinum Mortgage Bank

• Refuge Homes

• STB Building Society

• Trustbond Mortgage Bank

Payment Service Banks

• 9 PSB Ltd

• Hope PSB Ltd

• Moneymaster PSB Ltd

Micro-Finance Banks

• AACB Microfinance Bank Limited

• AB Microfinance Bank Limited

• Abia Sme Microfinance Bank

• Alert Microfinance Bank

• Abia State University Microfinance Bank Limited

• Abigi Microfinance Bank Limited

• Above Only Microfinance Bank

• Abubakar Tafawa Balewa University (Atbu) Microfinance Bank

• Abucoop Microfinance Bank Limited

• Abulesoro Microfinance Bank

• Accion Microfinance Bank Limited

• Ace Microfinance Bank Limited

• Achina Microfinance Bank Limited

• Ada Microfinance Bank Limited

• Adazi-Enu Microfinance Bank Limited

• Adazi-Nnukwu Microfinance Bank Limited

• Addosser Microfinance Bank Limited

• Adeyemi College Staff Microfinance Bank

• Afekhafe Microfinance Bank

• Afemai Microfinance Bank Limited

• Agosasa Microfinance Bank Limited

• Ahmadu Bello University Microfinance Bank Limited

• Aibio Microfinance Bank

• Ajewole Microfinance Bank Limited

• Ajose Microfinance Bank Limited

• Ajuta Microfinance Bank Limited

• Akalabo Microfinance Bank Limited

• Akokwa Microfinance Bank Limited

• Akpo Microfinance Bank Limited

• Aku Diewa Microfinance Bank Limited

• Akuchukwu Microfinance Bank Limited

• Al-Barakah Microfinance Bank Limited

• Albasu Microfinance Bank Limited

• Alekun Microfinance Bank Limited

• Algreb Microfinance Bank

• Al-Hayat Microfinance Bank

• Aliero Microfinance Bank Limited

• All Workers Microfinance Bank Limited

• Alor Microfinance Bank Limited

• Alpha Kapital Microfinance Bank

• Alvana Microfinance Bank Limited

• Amac Microfinance Bank

• Amazu Microfinance Bank Limited

• Amegy Microfinance Bank Limited

• Amju-Unique Microfinance Bank Limited

• Amml Microfinance Bank Limited (Abuja Markets Management Ltd)

• Ampersand Microfinance Bank

• Amucha Microfinance Bank Limited

• Anchorage Microfinance Bank Limited

• Aniocha Microfinance Bank Limited

• Annointed Microfinance Bank Limited

• Aogo Microfinance Bank Limited

• Apa Microfinance Bank Limited

• Apex Trust Microfinance Bank Limited

• Apple Microfinance Bank Limited

• Aramoko Microfinance Bank Limited

• Aris Microfinance Bank

• Asha Microfinance Bank Limited

• Aspire Microfinance Bank Limited

• Asset Matrix Microfinance Bank Limited

• Assets Microfinance Bank Limited

• Tangerine Money Microfinance Bank

• Astra Polaris Microfinance Bank Limited

• Auchi Microfinance Bank Limited

• Avunegbe Microfinance Bank Limited

• Awe Microfinance Bank Limited

• Awka-Etiti Microfinance Bank Limited

• Awkuzu Microfinance Bank Limited

• Suntop Microfinance Bank

• Azsa Microfinance Bank Limited

• B C Kash Microfinance Bank

• Babba Microfinance Bank Limited

• Babcock Microfinance Bank Limited

• Babura Microfinance Bank Limited

• Baines Credit Microfinance Bank

• Balera Microfinance Bank Limited

• Balogun Fulani Microfinance Bank Limited

• Balogun Gambari Microfinance Bank Limited

• Bam Microfinance Bank Limited

• Banex Microfinance Bank Limited

• Baobab Microfinance Bank

• Barnawa Microfinance Bank Limited

• Bauchi Cfa Mirofinance Bank Limited

• Bauchi Investment Corporation MFB Limited (Bic)

• Bawyi Microfinance Bank Limited

• Bayajidda Microfinance Bank Limited

• Bayero University Microfinance Bank

• Bayetin Microfinance Bank Limited

• Bejin-Doko Microfinance Bank Limited

• Benue Microfinance Bank

• Benysta Microfinance Bank

• Berachah Microfinance Bank Limited

• Best Star Microfinance Bank Limited

• Bethel Microfinance Bank Limited

• Better Life Microfinace Bank

• Bichi Microfinance Bank Limited

• Bida Polytechnic Microfinance Bank

• Blucon MFB

• Blue Ridge MFB

• Blueprint Investments MFB

• Boctrust MFB

• Boi MFB

• Boji Boji MFB Ltd.

• Bokkos MFB

• Bompai MFB

• Bonghe MFB

• Borgu MFB

• Borno Renaissance MFB Ltd.

• Boromu MFB

• Borstal MFB

• Bosak MFB

• Bowen MFB

• Bowman MFB

• Brethren MFB

• Brightway MFB Ltd

• Broadview MFB

• Brooks MFB

• Bubayero MFB Ltd

• Bundi MFB

• Bungudu MFB

• Bunkasa MFB

• Bunkure MFB

• Busu MFB

• Canaan MFB

• Capitalmetriq Swift MFB

• Capstone MFB

• Carbon MFB

• Caretaker MFB

• Cash Rite MFB

• Cashconnect MFB

• Castle MFB

• Catland MFB

• Cedar MFB

• Challenge MFB

• Chanelle MFB

• Changan Rts MFB

• Chase MFB Ltd

• Chevron Employee Co-Operative MFB (Cemcs)

• Chibueze MFB

• Chikum MFB

• Chrisore MFB

• Chronicles MFB

• Chukwunenye MFB

• Cintrust MFB

• Cit MFB

• Citizen Trust MFB

• City Mission Methodist MFB

• Civic MFB

• Cloverleaf MFB

• Coal Camp MFB

• Coastline MFB

• Coeminna MFB

• Confidence MFB

• Kredi Money MFB (Formerly Conpro MFB)

• Consistent Trust MFB

• Consumer MFB

• Corestep MFB

• Covenant MFB

• Creekline MFB

• Crescent MFB

• Crest MFB

• Crossriver MFB

• Crutech MFB

• Crystabel MFB

• Csd MFB

• Custodian MFB

• Daily-Trust MFB

• Dal MFB

• Dambatta- Makoda MFB

• Davodani MFB

• Dawakin Kudu MFB

• Dawakin Tofa MFB

• Daylight MFB Ltd

• Dec-Enugu MFB

• Destiny MFB

• Diobu MFB

• Doguwa MFB

• Dolphin MFB

• Dorben MFB

• Dutse MFB

• Eagle Flight MFB

• Earnwell MFB

• East Gate MFB

• Eastman MFB

• Easy Access MFB Ltd

• E-Barcs MFB

• Ebedi MFB

• Ebonyi State University MFB (Ebsu)

• Edfin MFB

• Edo MFB

• Egbe MFB

• Egbemoha MFB

• Egwafin MFB

• Ejindu MFB

• Ekimogun MFB

• Ekondo MFB

• Ek-Reliable MFB

• Ekwulobia MFB

• Elo-Emede MFB

• Emerald MFB

• Empire Trust MFB

• Endwell MFB

• Enede MFB Ltd

• Enrich MFB

• Equator MFB

• Equinox MFB

• Eso-E MFB

• Evergreen MFB

• Ewt MFB

• Excel MFB

• Ezebo MFB

• Faida MFB Ltd

• Fairmoney MFB Ltd

• Fame MFB

• Fast MFB

• Fcmb MFB Ltd.

• Fecetu MFB

• Federal Polytechnic, Nekede MFB Ltd

• Fedeth Co-Op MFB

• Fedpoly Nasarawa MFB

• Ffs MFB

• Fidfund MFB

• Fims MFB

• Finatrust MFB

• Finca MFB

• Finex MFB

• Firmus MFB

• First Access MFB Ltd

• First Heritage MFB

• First Low-Land MFB

• First Mutual MFB

• First Option MFB

• First Royal MFB

• Flourish MFB

• Foresight MFB

• Fortress MFB

• Forward MFB

• Frontline MFB

• Fud MFB

• Fullrange Microfinance Bank Ltd

• Fut Minna

• Futo MFB

• Gaa Akanbi MFB

• Gabasawa MFB

• Gamawa MFB

• Garewa MFB

• Garki MFB

• Garu Mallam MFB

• Gashua MFB

• Gaya MFB

• Gbede MFB

• Gezawa MFB

• Giant Stride MFB Ltd

• Gidauniya Alheri MFB

• Giginya MFB

• Girei MFB

• Giwa MFB

• Global Initiative MFB

• Glory MFB

• Gmb MFB

• Gobarau MFB

• Gold MFB

• Golden Choice MFB

• Goldman MFB

• Gombe MFB

• Good Neighbours MFB

• Good News MFB

• Good Shepherd MFB

• Gowans MFB

• Grants MFB

• Green Acres MFB

• Green Energy MFB

• Green-Bank MFB

• Greenville MFB

• Grooming MFB

• Gti MFB

• Gudusisa MFB

• Gulfare MFB

• Gwong MFB

• Hadeija MFB

• Halal Credit MFB

• Hallowed MFB

• Hamada MFB

• Hamda MFB

• Hasal MFB

• Headway MFB Ltd

• Highland MFB

• Hinache MFB

• Honey MFB

• Hope Alive MFB

• Ibeto MFB

• Ibile MFB

• Ibom Fadama MFB

• Ibolo MFB

• Ibrahim Badamasi Babangida University MFB

• Ibu-Aje MFB

• I-Care Microfinance Bank Ltd

• Ichi MFB

• Ideato MFB

• Idemili MFB

• Ifedapo MFB

• Ifelodun MFB

• Igboora MFB

• Igbo-Ukwu MFB

• Ihiala MFB

• Ijare MFB

• Ijebu Ife MFB

• Ikenne MFB

• Ikire MFB

• Ikorodu Division MFB

• Ikoyi-Ile MFB

• Ikoyi-Osun MFB

• Ilaro Polytechnic MFB

• Ile-Oluji MFB

• Ilisan MFB

• Ilobu MFB

• Iloffa MFB

• Ilora MFB

• Ilorin MFB

• Iludun Oro MFB

• Ilutuntun-Osoro MFB

• Imo State Microfinance Bank

• Imodi-Imosan MFB

• Imopoly MFB

• Imowo MFB

• Imsu MFB

• Imt MFB

• Infinity MFB

• Insight MFB

• Ipapo MFB

• Iperu MFB

• Irl MFB

• Isale Oyo MFB

• Ishiagu MFB

• Ishie MFB

• Isi-Uzo MFB

• Island MFB

• Isuofia MFB

• Isua MFB

• Iwa MFB

• Iwade MFB

• Iwoye-Ijesa MFB

• Iyamoye MFB

• Iyeru Okin MFB

• Iyin Ekiti MFB

• Izon MFB Ltd

• Janmaa MFB

• Janzama MFB

• Jen MFB

• Jessefield MFB

• Jewel Coop MFB

• Kabo MFB

• Kadpoly MFB

• Kadupe MFB

• Kamba MFB

• Kankia MFB Ltd

• Kano Poly MFB

• Kano-West MFB

• Katagum MFB

• Kayvee MFB

• Kc MFB

• Kcmb MFB

• Kenechukwu MFB

• Khb MFB

• Kingdom College MFB Ltd

• Kisi MFB

• Kku Microfinance

• Kmc MFB

• Kontagora MFB

• Kopo-Kope MFB

• Kuda MFB

• Kumbotso MFB

• Kunagaba MFB

• Kunchi MFB

• Kura MFB

• Kusalla MFB

• Kwacofocus MFB

• Kwasu MFB

• Kwatashi MFB

• La Fayette MFB

• Landgold MFB

• Lapo MFB

• Lavender

• Lawyers MFB

• Layelu MFB

• Leadcity MFB

• Legacy MFB

• Legend MFB

• Letshego MFB

• Levite MFB

• Lifegate MFB

• Light MFB

• Links MFB

• Living Spring MFB

• Lobrem MFB

• Lovonus MFB

• M & M MFB

• Mab Allianz MFB Ltd

• Macrod MFB

• Madelyn MFB

• Madobi MFB

• Magajin-Giri MFB

• Magnet MFB

• Maigatari MFB

• Main Trust MFB

• Mainland MFB

• Mainstreet MFB

• Malachy MFB

• Mapoly MFB

• Maritime MFB

• Matazu MFB Ltd

• Maxitrust MFB

• Mbaitoli MFB

• Mbawulu MFB

• Mega MFB

• Megapraise MFB

• Memento MFB Ltd

• Memphis Microfinance Bank Limited

• Merchant MFB

• Meridian MFB

• Mgbidi MFB

• Micheal Okpara University MFB

• Microvis MFB

• Midland MFB

• Minjibir MFB

• Minji-Se Churchill MFB

• Mkobo MFB Ltd

• Model MFB

• Modiya Yekokpe MFB

• Molusi MFB

• Monarch MFB

• Moneytronics MFB (Formerly Ipodo-Ikeja MFB)

• Moneytrust MFB

• Moyofade MFB

• Mozfin MFB

• Multivest MFB

• Mutual Benefit MFB

• Mutual Trust MFB

• Mwaghavul MFB

• Nagarta MFB

• Naisa MFB

• Nakowa MFB

• Namoda MFB

• Nasarawa MFB

• Ndiolu MFB

• Ndiorah MFB

• Nenzit MFB

• Neptune MFB

• New Dawn MFB

• New Era MFB

• New Golden Pastures MFB

• New Women's MFB

• Ngbo MFB Ltd

• Nice MFB

• Nigerian Navy MFB Ltd

• Nigerian Prisons MFB

• Ningi MFB

• Nirsal MFB

• Nkpa MFB

• Nkpologwu MFB

• Nkpolu-Ust MFB

• Nnokwa MFB

• Noble MFB

• Nomase Microfinance Bank Ltd

• Noun MFB

• Novel MFB

• Npf MFB

• Nri MFB

• Nsu MFB

• Nsuk MFB

• Nsukka Township MFB

• Numo MFB

• Nun MFB

• Nut Okebola MFB

• Nwannegadi MFB

• Oakland MFB

• Oba MFB

• Obafemi Awolowo University MFB

• Obeledu MFB

• Obodoukwu MFB

• Obokun MFB

• Obollo MFB

• Oche MFB

• Ocon Success MFB

• Octopus MFB

• Odoakpu MFB

• Odu MFB

• Ogberuru MFB

• Ogbete MFB

• Ogboefere MFB

• Ogige MFB

• Ogiyan MFB

• Ohafia MFB

• Ohha MFB

• Ojokoro MFB

• Okeagbe MFB

• Okengwe MFB

• Oko MFB

• Okpe MFB

• Okpofe MFB

• Okpoga MFB

• Okuku MFB

• Okuta MFB

• Okwo-Oha MFB

• Olabisi Onabanjo University MFB

• Olive MFB

• Olowolagba MFB

• Olu-Basiri MFB

• Oluchukwu MFB

• Omak MFB

• Omiye MFB

• Omuma MFB

• Onibu-Ore MFB

• Oraukwu MFB

• Oke- Aro Oredegbe MFB

• Orilonise MFB

• Orisun MFB

• Orita Basorun MFB

• Orokam MFB

• Orsu MFB

• Osanta MFB

• Osct MFB

• Osi MFB

• Osomhe MFB

• Ospoly MFB

• Osumenyi MFB

• Otuo MFB

• Ours MFB

• Owotutu MFB

• Oyan MFB

• Palmcoast MFB

• Palmera MFB

• Pana MFB

• Parkway MFB

• Pathfinder MFB

• Patrickgold MFB

• Peace MFB

• Pecan Trust MFB

• Peninsula MFB Ltd

• Pennywise MFB

• Pentecost MFB Ltd

• Personal Trust MFB

• Petra MFB

• Phoenix MFB

• Pillar MFB

• Polybadan MFB

• Polyunwanna MFB

• Preeminent MFB

• Prestige MFB

• Prisco MFB

• Pristine Divitis MFB

• Projects MFB

• Prospects MFB

• Prosperity MFB

• Pyramid MFB

• Qube MFB

• Quickfund MFB

• Rahama MFB

• Rakib MFB

• Ramilowo MFB

• Randalpha

• Rano MFB

• Refined Benefits MFB

• Regent MFB

• Rehoboth MFB

• Reliance MFB

• Renmoney MFB

• Rephidim MFB

• Ric MFB

• Richway MFB Ltd.

• Rigo MFB

• Rima Growth Pathway MFB Ltd

• Rima MFB

• Rimin Gado MFB

• Riverside MFB

• Rockshield MFB

• Rolez MFB

• Royal Blue MFB

• Royal Exchange MFB

• Royal Life Key MFB

• Royal MFB

• Rubies MFB

• Sabi MFB

• Sabon Yelwa MFB

• Sabuwa MFB Ltd

• Safana MFB

• Safe Haven MFB

• Safegate MFB

• Safeline MFB

• Sagamu MFB

• Sandamu MFB

• Sapida MFB

• Sarkin Kudu MFB Ltd

• Seap MFB

• Seedvest MFB

• Senchi MFB

• Shalom MFB

• Shanono MFB

• Shepherd Trust MFB

• Shield MFB

• Shongom MFB

• Sincere MFB

• Sls MFB

• Smartmicro MFB

• Snow MFB

• Solid Allianz MFB

• Solid Rock MFB

• Solid Trust MFB

• Soroman MFB

• Sparkle MFB

• Spectrum MFB

• Standard MFB

• Stanford MFB

• Stateside MFB

• Stellas MFB

• Step By Step MFB

• Stillwaters MFB Ltd

• Stockcorp MFB

• Sulspap MFB

• Sumaila MFB

• Sunbeam MFB

• Support MFB

• Supreme MFB

• Sure Anchor MFB

• Tanadi MFB

• Tangale MFB

• Tasued MFB

• Tcf MFB

• Tf MFB

• The Millennium MFB

• Tofa MFB

• Topclass MFB

• Top Rate MFB

• Total Trust MFB

• Touchgold MFB

• Townserve MFB

• Treasures MFB

• Trident MFB

• Tripple A MFB

• Trust MFB

• Trustbanc J6

• Trustfund MFB

• Tsanyawa MFB

• Tudunwada MFB Ltd

• U & C MFB

• Ucb MFB

• Uda MFB

• Udoka MFB

• Uga MFB

• Ugborimili MFB

• Uhuru MFB

• Ukpor MFB

• Ukwala MFB

• Ultimate MFB

• Ummah MFB

• Umuawulu MFB

• Umuchinemere Procredit MFB

• Umuchukwu MFB

• Umunnachi MFB

• Umuoji MFB

• Umyu Microfinance Bank Limited

• Unaab MFB

• Ungogo MFB

• Unibadan MFB

• Unical MFB

• Unifund MFB

• Unilag MFB Ltd

• Unilorin MFB

• Unimaid MFB

• Uniuyo MFB

• University Of Benin MFB

• Unn MFB

• Unubi MFB

• Urban MFB

• Ure MFB

• Utako MFB

• Utuh MFB

• Uvuoma MFB

• Uvuru MFB

• Uzondu MFB

• Vcl MFB

• Vfd MFB Ltd

• Victory MFB

• Visa MFB

• Viscount MFB

• Waila MFB

• Welfare MFB

• Wetland MFB

• Woliwo MFB

• Women Development MFB

• Wra MFB

• Wudil MFB

• Xslnce MFB

• Yabo MFB

• Yankari MFB

• Yauri Emirates MFB

• Yct Microfinance Bank

• Yeneng MFB

• Yes MFB

• Yobe State MFB

• Zafec MFB Ltd

• Zazzau MFB

• Zefa MFB

• Zikora MFB

• Zion MFB

• Zurmi MFB

• Zuru MFB

• Kankara MFB

• Iya-Zakari (Mashi) MFB

• Fta Funtua MFB

• Dutsin-Ma MFB

• Batagwara MFB

• Baure MFB

• United Capital MFB

• Nuggets MFB

• Ave Maria MFB

• Prudent MFB

• Awesome MFB

• Waya MFB

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Source: Central Bank of Nigeria. https://www.cbn.gov.ng/supervision/finstitutions.asp