Bank can simply mean a place where people go to save money and receive loans. There are usually licensed by the government and might offer other services such as financial advising and currency exchange services.
There are many banks with different functions. Some banks serve specific people, some are meant for the general public, while some are known to only regulate the activities of other banks.
This articles will be discussing the different banks in Nigeria and give the full list of the type of bank that operates for the public.
Types of Banks in Nigeria
These are the major types of banks in Nigeria
- Savings Bank: These are banks that allow customers to save their money. The majority of banks in Nigeria operates as a savings bank.
- Commercial Bank: These are the common types of banks which offer their services for businesses. In Nigeria, all commercial banks operate as a savings bank. However, not all savings bank are the commercial bank. Helping businesses is their main target and it also offers loan to businesses. An example is GTB, Zenith Bank etc.
- Central Bank: Central or National bank is a federal government-owned type of bank. It is usually one in the whole federation with branches across the regions or states. It doesn’t operate with the public but serves as the regulating bank for all other licensed banks in the country. The central bank is the only bank with the right to produce the country’s currency and also performs other financial functions for the country. Example: Central Bank of Nigeria
- Exchange Bank: These are banks licensed to remit money from one country to another. They are also responsible for exchanging other country’s currency for another. Most Nigeria banks are licensed to perform the services of an exchange bank.
List of Commercial Banks In Nigeria 2021
There are 20 licensed Nigeria banks in Nigeria. They include:
Head Office: 999c, Danmole Street, Off Idejo Street, Off Adeola Odeku Street, Victoria Island, Lagos
Email Address: email@example.com.
Managing Director/CEO: Mr. Herbert Wigwe
Head Office: Citibank Nigeria Limited Charles S. Sankey House, 27 Kofo Abayomi Street, Victoria Island, Lagos Nigeria.
Managing Director: Mrs. Ireti Samuel-Ogbu
Ecobank Nigeria Plc.
Head Office: 21, Ahmadu Bello Way, Victoria Island, Lagos.
Email Address: firstname.lastname@example.org
Managing Director: Patrick Akinwuntan
Fidelity Bank Nigeria
Head Office: 2, Kofo Abayomi Street, Victoria Island Lagos.
Email Address: email@example.com
Managing Director/CEO: Nneka Onyeali-Ikpe
First Bank Nigeria
Head Office: Samuel Asabia House, 35, Marina, Lagos.
Email Address: firstname.lastname@example.org
Managing Director/CEO: Dr. Adesola (“Sola”) Kazeem Adeduntan
First City Monument Bank (FCMB)
Head Office: Primrose Towers, 17A, Tinubu Street, P.O.Box 9117, Lagos State, Nigeria.
Email Address: email@example.com
Managing Director: Adam Nuru
Guaranty Trust Bank (GTB)
Head Office: 635, Akin Adesola Street, Victoria Island, Lagos, Nigeria
Email Address: firstname.lastname@example.org
Managing Director/CEO: Segun Agbaje
Heritage Bank Plc (HB PLC)
Head Office: 292B, Ajose Adeogun Street, Victoria Island, Lagos.
Email Address: email@example.com
Managing Director: Mr. Ifie Sekibo
Head Office: Keystone House, 1, Keystone Cresent, Victoria Island, Lagos.
Managing Director/CEO: Olaniran Olayinka
Mainstreet Bank Limited
Head Office: Afribank Plaza, 14th Floor, 51/55, Broad Street, Lagos.
Email Address: firstname.lastname@example.org
Managing Director: Ms. Faith Tuedor-Matthews
Polaris Bank Limited
Head Office: 31, Akin Adesola Street, Victoria Island, Lagos.
E-mail Address: email@example.com
Managing Director: Adetokunbo Mukhail Abiru
Stanbic IBTC Bank
Head Office: IBTC Place, Walter Carrington Cresent, Victoria Island, Lagos.
Email Address: CustomerCareNigeria@stanbicibtc.com
Managing Director: Dr. Demola Sogunle
Standard Chartered Bank
Head Office: 142, Ahmadu Bello Way, Victoria Island, Eti Osa, Lagos, Nigeria
Managing Director: Mrs. Bola Adesola
Head Office: Sterling Towers, 20, Marina, P. M. B. 12735, Lagos.
Email address: firstname.lastname@example.org
Managing Director: Mr. Abubakar Suleiman
SunTrust Bank Nigeria
Head Office: 1, Oladele Olashore Street, Off Sanusi Fafunwa street, Victoria Island, Lagos, Lagos State, Nigeria.
Email Address: email@example.com
Managing Director: Halima Buba
Union Bank of Nigeria Plc
Head Office: Stallion Plaza 36, Marina P.M.B 2027 Lagos, Nigeria.
Email address: firstname.lastname@example.org
Managing Director: Mr. Emeka Emuwa
United Bank for Africa (UBA)
Head Office: UBA House, 57 Marina, P.O. Box 2406, Lagos, Lagos State, Nigeria.
Email Address: email@example.com
Managing Director: Mr. Kennedy Uzoka
Head Office: Plot 497, Central Business District, Abogo Largema Street, Abuja.
Email Address: firstname.lastname@example.org
Managing Director: Oluwatomi Somefun
Head Office: Wema Towers 54, Marina, Lagos Island, Lagos.
Email Address: email@example.com .
Managing Director: Ademola Adebise
Zenith Bank Plc
Head Office: Plot 84, Ajose Adeogun Street, Victoria Island, Lagos.
Email Address: firstname.lastname@example.org
Managing Director: Mr. Ebenezer Onyeagwu
Conclusion: This list contains only the commercial banks in Nigeria. The total banks in Nigeria are over 30.