The Central Bank of Nigeria (CBN) has released an updated list of licensed deposit money banks operating in Nigeria as of April 26, 2024….READ FULL STORY HERE TO CONTINUE READING
The Central Bank of Nigeria (CBN) has released an updated list of licensed deposit money banks operating in Nigeria as of April 26, 2024.ContentsCommercial Banks with International AuthorizationCommercial Banks with National AuthorizationNon-Interest Banking License with National AuthorizationMerchant BanksFinancial Holding CompaniesRepresentative Office
The list made available to Okay.ng on Tuesday, May 7th, 2024, includes commercial banks with international and national authorization, merchant banks, non-interest banks, financial holding companies, and a representative office.
See the breakdown below:Commercial Banks with International Authorization
The list comprises 21 commercial banks with international authorization. These include prominent names such as:
Access Bank LimitedFidelity Bank PLCFirst City Monument Bank LimitedFirst Bank Nigeria LimitedGuaranty Trust Bank LimitedUnited Bank of Africa PLCZenith Bank PLC
These banks are headquartered in Lagos State and have a widespread presence across Nigeria and international operations.Commercial Banks with National Authorization
There are 5 commercial banks with national authorization on the list, including
Optimus Bank LimitedProvidus Bank LimitedParallex Bank LimitedSuntrust Bank Nigeria LimitedSignature Bank Limited.
While most are based in Lagos, Signature Bank Limited has its head office in Abuja, the Federal Capital Territory.Non-Interest Banking License with National Authorization
The list includes 3 banks operating under a non-interest banking license with national authorization:
Jaiz Bank PLCTaj Bank LimitedLotus Bank Limited
Jaiz Bank PLC is headquartered in Abuja, while Taj Bank Limited and Lotus Bank Limited are based in Lagos.Merchant Banks
There are 6 merchant banks on the list, including:
Coronation Merchant Bank LimitedFBN Merchant Bank LimitedFSDH Merchant Bank LimitedGreenwich Merchant Bank LimitedNova Merchant Bank LimitedRand Merchant Bank Limited
All of these merchant banks are headquartered in LagosFinancial Holding Companies
The list also includes 5 financial holding companies in Nigeria, they are:
Access Holdings PLCFBN Holdings PLCFCMB Group PLCFSDH Holding Company LimitedGuaranty Trust Holding Company PLCStanbic IBTC Holdings PLCSterling Financial Holdings Limited
Representative Office
The Mauritius Commercial Bank Representative Office (Nigeria) Limited is the sole representative office listed, with its office located in Lagos.SN Name of Institution Head Office Address State1 ACCESS BANK LIMITED 14/15, Prince Alaba Oniru Road, Victoria Island Lagos2 FIDELITY BANK PLC 2, Kofo Abayomi Street, Victoria Island Lagos3 FIRST CITY MONUMENT BANK LIMITED Primose Towers, 17a, Tinubu Street Lagos4 FIRST BANK NIGERIA LIMITED Samuel Asabia House, 35 Marina Lagos5 GUARANTY TRUST BANK LIMITED 635, Akin Adesola Street, Victoria Island Lagos6 UNITED BANK OF AFRICA PLC 57 Marina Lagos7 ZENITH BANK PLC Plot 84, Ajose Adeogun Street, Victoria Island Lagos8 CITIBANK NIGERIA LIMITED 27, Kofo Abayomi Street, Victoria Island Lagos9 ECOBANK NIGERIA LIMITED 21, Ahmadu Bello Way, Victoria Island Lagos10 HERITAGE BANK PLC 292b, Ajose Adeogun Street, Victoria Island Lagos11 GLOBUS BANK LIMITED No. 6 Adeyemo Alakija Street, Victoria Island Lagos12 KEYSTONE BANK LIMITED Keystone House, 1, Keystone Crescent, Victoria Island Lagos13 POLARIS BANK LIMITED 3, Akin Adesola Street, Victoria Island Lagos14 STANBIC IBTC BANK LIMITED IBTC Place, Walter Carrington Crescent, Victoria Island Lagos15 STANDARD CHARTERED BANK LIMITED 142, Ahmadu Bello Way, Victoria Island Lagos16 STERLING BANK LIMITED Sterling Towers, 20 Marina Lagos17 TITAN TRUST BANK LIMITED Plot 1680 Sanusi Fafunwa Street, Victoria Island Lagos18 UNION BANK OF NIGERIA PLC Stallion Plaza, 36 Marina Lagos19 UNITY BANK PLC Plot 42, Ahmed Onibudo Street, Victoria Island Lagos20 WEMA BANK PLC Wema Towers, 54 Marina, Lagos Island Lagos21 PREMIUM TRUST BANK LIMITED Plot 1612 Adeola Hopewell Street Victoria Island Lagos22 OPTIMUS BANK LIMITED No. 55, Bishop Oluwole Street, Victoria Island Lagos23 PROVIDUS BANK LIMITED Plot 54, Adetokunbo Ademola Street, Victoria Island Lagos24 PARALLEX BANK LIMITED 31B, Oyeleke Street, Alausa, Ikeja Lagos25 SUNTRUST BANK NIGERIA LIMITED 1, Oladele Olashore Street, Victoria Island Lagos26 SIGNATURE BANK LIMITED Plot 31B, Gana Street, Maitama Abuja27 JAIZ BANK PLC Plot 1073 J.S.Tarka Street, Area 3 Garki Abuja28 TAJ BANK LIMITED Plot 72, Ahmadu Bello Way, Central Business District Abuja29 LOTUS BANK LIMITED 30A, Adetokunbo Ademola Street, Victoria Island Lagos30 ALTERNATIVE BANK LIMITED Sterling Towers, 20 Marina, Street Island Lagos31 CORONATION MERCHANT BANK LIMITED St. Nicholas House, 6th Floor, 28A, Catholic Mission Street, P.M.B 12511, Marina Lagos32 FBN MERCHANT BANK LIMITED 2, Broad Street, P.O. Box 4238 Lagos33 FSDH MERCHANT BANK LIMITED UAC House, 5th-8th Floor, 1/5 Odunlami Street, P.M.B 12913 Lagos34 GREENWICH MERCHANT BANK LIMITED Plot 1698A Oyin Jolayemi Street, P. M. B. 80074, Victoria Island Lagos35 NOVA MERCHANT BANK LIMITED 23, Kofo Abayomi Street, Victoria Island Lagos36 RAND MERCHANT BANK LIMITED 3rd Floor Wings East Tower, 17A, Ozumba Mbadiwe Street, Victoria Island Lagos37 ACCESS HOLDINGS PLC 14 Alaba Oniru Street, Oniru Estate Lagos38 FBN HOLDINGS PLC Samuel Asabia House, 35 Marina, P.O. Box 5216 Lagos39 FCMB GROUP PLC First City Plaza, 44 Marina Lagos40 FSDH HOLDING COMPANY LIMITED UAC House, (5th -8th Floors), 1/5 Odunlami Street Lagos41 GUARANTY TRUST HOLDING COMPANY PLC Plot 635, Akin Adesola Street, Victoria Island Lagos42 STANBIC IBTC HOLDINGS PLC I.B.T.C Place, Walter Carrington Crescent, P.O. Box 71707, Victoria Island Lagos43 STERLING FINANCIAL HOLDINGS LIMITED NO 22 Marina Lagos44 The Mauritius Commercial Bank Representative Office(Nigeria) Limited Room 103, 10th floor, Standard Chartered Bank Building, 142, Ahmadu Bello Way, Victoria Island LagosTAGGED:CBN
