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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:

Licensed Banks in Nigeria

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

Non-Interest Banks

Primary Mortgage Institutions

Payment Service Banks

Micro-Finance Banks

 

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

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