Complete List of Commercial Banks in Nigeria

Nigeria’s banking system is one of the most developed in Africa, overseen by the Central Bank of Nigeria (CBN). The commercial banks in Nigeria offer extensive retail, corporate, digital, and development banking services across a wide range of financial products. The sector includes both local institutions and subsidiaries of global banking groups.

This article outlines the full list of commercial banks in Nigeria, including development finance institutions, non-interest banks, and digital microfinance banks. These banks support Africa’s largest economy through innovation, inclusive banking, and cross-border services.

✅ List of Commercial Banks in Nigeria

1. Access Bank Plc
A leading bank with pan-African operations under Access Bank Group, providing retail, corporate, and investment banking.

2. Alpha Morgan Bank
A Nigerian investment and merchant banking firm offering wealth management and advisory services.

3. Citibank Nigeria Ltd
The Nigerian subsidiary of Citigroup, focused on corporate and institutional banking.

4. Ecobank Nigeria Plc
Part of the Ecobank Group, offering extensive retail and digital banking services nationwide.

5. Fidelity Bank Plc
A strong mid-tier bank offering digital banking, SME, and retail banking solutions.

6. First Bank Nigeria Ltd
One of Nigeria’s oldest banks, operating under FBN Holdings, serving millions through a wide branch network.

7. First City Monument Bank Plc (FCMB)
Provides personal and business banking, under the FCMB Group PLC.

8. Globus Bank Ltd
A modern, digitally driven commercial bank with a focus on innovation.

9. Guaranty Trust Bank Plc (GTBank)
Part of GTCO Group, known for retail excellence and digital banking leadership.

10. Keystone Bank Ltd
Offers comprehensive banking services across Nigeria, including digital products.

11. Nova Commercial Bank Ltd
A dynamic bank focused on providing personalized financial services.

12. Optimus Bank
A relatively new digital bank offering mobile and SME-focused solutions.

13. Parallex Bank Ltd
Offers premium banking services with a strong digital focus.

14. Polaris Bank Plc
A restructured successor to Skye Bank, providing full-service banking.

15. Premium Trust Bank
A new entrant committed to innovation and personalized banking.

16. Providus Bank Ltd
Offers bespoke banking solutions for high-net-worth individuals and businesses.

17. Signature Bank Ltd
Focused on personal, SME, and digital banking solutions.

18. Stanbic IBTC Bank Plc
A member of Standard Bank Group, providing retail, investment, and pension banking.

19. Standard Chartered Bank Nigeria Ltd
A subsidiary of the global Standard Chartered Group offering corporate and private banking.

20. Sterling Bank Plc
Rebranded under Sterling Holdings, it provides ethical banking, retail, and health-focused finance.

21. SunTrust Bank Nigeria Ltd
Offers modern banking services with digital innovations for everyday Nigerians.

22. Titan Trust Bank Ltd
A growing Nigerian bank focused on transforming the customer experience.

23. Union Bank of Nigeria Plc
One of Nigeria’s oldest institutions, recently acquired by Titan Trust Bank.

24. United Bank for Africa Plc (UBA)
A major pan-African bank with a strong presence in over 20 countries.

25. Unity Bank Plc
Targets retail, agribusiness, and SME clients across Nigeria.

26. Wema Bank Plc
Known for launching ALAT, Nigeria’s first fully digital bank.

27. Zenith Bank Plc
A top-tier Nigerian bank with strong financials, digital tools, and corporate offerings.

✅ Development Finance Institutions

Bank of Agriculture – Supports agricultural development and rural lending.
Bank of Industry – Provides industrial and manufacturing sector financing.
Development Bank of Nigeria – Offers credit to SMEs through partner financial institutions.
Federal Mortgage Bank of Nigeria – Focuses on mortgage lending for housing development.
Nigerian Export-Import Bank – Provides export financing and trade support.
The Infrastructure Bank – Finances large-scale national infrastructure projects.