Top 20 Commercial Banks In Nigeria

Top 20 Commercial Banks In Nigeria
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Top Commercial Banks in Nigeria: A Comprehensive Guide

The Nigerian banking sector stands as a cornerstone of the nation's economic success. Delve into the top commercial banks in Nigeria, categorized by regional, national, and international licenses. This guide sheds light on the industry's performance, providing intriguing facts about these financial giants.

S/N BANKS MARKET CAPITALIZATION TOTAL ASSET 30/06/2022
1 Zenith Bank N679.7 Billion N8.68 Trillion (2nd)
2 Guaranty Trust Bank GTC N614.9 Billion N4.99 Trillion (5th)
3 Stanbic IBTC N421.1 Billion N2.49 Trillion (8th)
4 First Bank Nigeria N378.7 Billion N7.84 Trillion (4th)
5 Access Corporation N328.4 Billion N9.05 Trillion (1st)
6 United Bank for Africa N254.8 Billion N7.89 Trillion (3rd)
7 Union Bank Nigeria N176.6 Billion N2.16 Trillion 10th)
8 Fidelity Bank N98.2 Billion N2.89 Trillion (6th)
9 First City Monument Bank N65.3 Billion N2.0 Trillion (11th)
10 Sterling Bank N44.0 Billion N2.49 Trillion (8th)
11 Wema Bank N40.5 Billion N1.1 Trillion(13th)
12 Jaiz Bank N33.2 Billion N278 Billion (16th)
13 Unity Bank N5.3 Billion N538.87 Billion(15th)
14 Ecobank   N2.6 Trillion(7th)
15 Globus Bank   N260.1 BillioN (17th)
16 Polaris Bank   N1.18 Trillion     (12th)
17 Providus Bank   N543 Billion.      (14th)
18 Titan Trust Bank   N246 Billion.      (18th)
19 SunTrust Bank Nigeria   N54.7 Billion      (20th)
20 Kuda Microfinance Bank   N205.6 Billion    (19th)

List of Commercial Banks in Nigeria and Their Head Office Addresses

You might be wondering about the banks in Nigeria. Let's narrow it down to commercial banks, as not all banks in Nigeria focus solely on profit. Some are dedicated to assisting citizens and fostering community growth without a primary goal of financial gain. Out of the total, 24 commercial banks operate in Nigeria, and here is the list.

S/N BANKS HEAD OFFICE ADDRESS
1 Zenith Bank Plot 84, Ajose Adeogun Street, Victoria Island, Lagos
2 Guaranty Trust Bank GTC 635, Akin Adesola Street, Victoria Island, Lagos
3 Stanbic IBTC I.B.T.C. Place, Walter Carrington Crescent, Victoria Island Lagos
4 First Bank Nigeria Samuel Asabia House, 35 Marina, Lagos
5 Access Bank 14/15, Prince Alaba Abiodun, Oniru Road,Victoria Island Nigeria
6 United Bank for Africa 57 Marina, Lagos Island, Lagos, Nigeria
7 Union Bank Nigeria 36 Marina, Lagos Island, Lagos, Lagos State, Nigeria
8 Fidelity Bank 2, Kofo Abayomi Street, Victoria Island, Lagos
9 First City Monument Bank Primose Towers, 17a, Tinubu Street, Lagos
10 Sterling Bank Sterling Towers, 20 Marina, Lagos
11 Parallex Bank Ltd Plot 1261, Adeola Hopewell Street, V.I, Lagos
12 Citibank Nigeria Limited 27 Kofo Abayomi Street, Victoria Island Lagos
13 Ecobank Nigeria Plc 21, Ahmadu Bello Way, Victoria Island, Lagos
14 Heritage Banking Company Ltd 292b, Ajose Adeogun Street, Victoria Island, Lagos
15 Globus Bank Limited 6, Adeyemo Alakija Street, Victoria Island, Lagos
16 Polaris Bank Plc Keystone House, 1, Keystone Crescent, Victoria Island, Lagos
17 Unity Bank Plc Plot 42, Ahmed Onibudo Street, Victoria Island, Lagos
18 Standard Chartered Bank Nigeria Ltd 142, Ahmadu Bello Way, Victoria Island, Lagos
19 Premium Trust Bank Plot 1612, Adeola Hopewell Street, Victoria Island, Lagos
20 Wema Bank Plc Wema Towers, 54 Marina, Lagos Island, Lagos
21 Providus Bank 724 Adetokunbo Ademola Street, Victoria Island, Lagos, Lagos State
22 SunTrust Bank Nigeria Limited Plot 1680, Sanusi Fafunwa Street, Victoria Island Lagos

While I've provided a comprehensive list of commercial banks in Nigeria, they differ in terms of operational areas. Some hold regional licenses, others national, and a few international licenses. The tables below categorize them based on their respective license areas.

  1. Banks with Regional License:

    • Globus Bank Limited
    • Parallex Bank Limited
    • Premium Trust Bank
    • Sun Trust Bank Nigeria Limited
    • Providus Bank
  2. Banks with National License:

    • Citibank Nigeria Limited
    • Ecobank Nigeria Plc
    • First Bank Nigeria Ltd
    • Heritage Banking Company Ltd
    • Keystone Bank Limited
    • Polaris Bank Plc
    • Stanbic IBTC Bank Plc
    • Sterling Bank Plc
    • Titan Trust Bank Ltd
    • Unity Bank Plc
    • Wema Bank Plc
  3. Banks with International License:

    • Guaranty Trust Bank
    • Zenith Bank
    • Union Bank

Non-Interest Banks in Nigeria

Some banks in Nigeria prioritize service over profit, known as "Non-Interest Banks." These institutions, such as Jaiz Bank Plc, Lotus Bank Ltd, TAJ Bank Ltd, and Sterling Bank Alternative Finance, focus on supporting individuals and businesses without charging interest on loans.

For further details on financial institutions in Nigeria, visit the official website of the Central Bank of Nigeria: www.cbn.gov.ng.

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