Commercial Banks in Nigeria: New Insights

Need to find the perfect bank in Nigeria? Look no further! This guide dives into all the licensed commercial banks in Nigeria, including top players like Zenith Bank, Access Bank, Guaranty Trust Bank, United Bank for Africa (UBA), and First Bank of Nigeria. We’ve got addresses, contact details, and a quick rundown of each bank’s specialty, so you can compare and choose the one that best suits your financial goals. From established giants to innovative new faces, discover the perfect banking partner for you today!

Access Bank PLC

Name	Access Bank PLC
Address	Victoria Island, Lagos
State	Lagos
Date Reregistered	17 January, 1990
Telephone	(234) 01 26210404-41, 2626273-76, 2641571-72, 3201889
Website Email	www.accessbankplc.com info@accessbankplc.com

Talk About Access Bank

Access Bank, a wholly owned subsidiary of Access Holdings Plc (“Access Corporation”), is a leading full-service commercial bank operating through a network of more than 700 branches and service outlets, spanning 3 continents, 17 markets and 52 million customers.
The bank employs 28,000 people in its operations in Nigeria and has subsidiaries in sub-Saharan Africa and the United Kingdom, a branch in Dubai, UAE and representative offices in China, Lebanon and India.
Access Bank’s parent company, Access Corporation, has been listed on the Nigerian Stock Exchange since 1998 and has over 900,000 shareholders.
As at 31 March 2022, Access Bank had total assets of approximately US $28.8 billion.

Citibank Nigeria Ltd

Name	Citibank Nigeria Ltd
Address	Victoria Island, Lagos
State	Lagos
Date Reregistered	11 October 2004
Telephone	234 01 2622000-9
Website Email	www.citibank.com

Ecobank Nigeria Plc

Name	Ecobank Nigeria Plc
Address	Victoria Island, Lagos
State	Lagos
Date Reregistered	24 April 1989
Telephone	234 01 2626638-88, 2626710-17
Website Email	www.ecobank.com ecobank@ecobank.com

More About Ecobank

Ecobank Nigeria, a subsidiary of Africa’s leading independent banking group Ecobank Transnational Incorporated (ETI), is a major player in the Nigerian financial landscape. Established in 1986, they are regulated by the Central Bank of Nigeria (CBN) and the National Deposit Insurance Corporation (NDIC). Ecobank offers a comprehensive range of financial services through digital channels like their mobile app and USSD, online banking platforms, and physical touchpoints including branches, ATMs, and agency banking locations.

Fidelity Bank Plc

Name	Fidelity Bank Plc
Address	Victoria Island, Lagos
State	Lagos
Date Reregistered	3 January 2006
Telephone	234 (0) 700 3433 5489 234 (0) 908 798 9069
Website Email	https://www.fidelitybank.ng true.serve@fidelitybank.ng

Why Fidelity Bank?

Serving over 7.2 million customers, Fidelity Bank is a major Nigerian player with a strong focus on digital innovation. Launched in 1988, they’ve grown from a Merchant Bank to a full-fledged commercial bank, listed on the Nigerian Stock Exchange. Fidelity Bank caters to both niche corporate sectors and small businesses (MSMEs), while their digital-first approach has driven impressive growth in savings deposits. They boast a user-friendly mobile/internet banking platform used by over 57% of their customers, making banking convenient and accessible. Through strategic mergers, Fidelity Bank has become a leading force in Nigerian finance.

First Bank Plc

Name	First Bank Plc
Address	Samuel Asabia House 35 Marina
State	Lagos
Date Reregistered
Telephone	+234 708 062 5000 +234 1 448 5500
Website Email	www.firstbanknigeria.com/ Complaints@firstbankgroup.com

More About First Bank Plc

First Bank of Nigeria, a leading West African bank for over 130 years, offers a variety of financial services to over 42 million customers. With a network of branches and agent locations, FirstBank promotes financial inclusion through digital channels like its USSD banking and award-winning mobile app. Established in 1894, the bank focuses on good governance, risk management, and leadership. It actively finances infrastructure development and offers international reach for investors looking to explore business opportunities in Africa.

First City Monument Bank

Name	First City Monument Bank Plc
Address	Tinubu Square
State	Lagos
Date Reregistered	11 November 1983
Telephone	+234 (0) 1 279 3030
Website Email	www.fcmb.com

Why They Are The Real Monument Bank

From stockbroker roots in 1977 to a major financial services group today, FCMB has grown into a Nigerian powerhouse. Pioneering as the first local bank without government backing in 1982, they’ve transformed into FCMB Group Plc, offering commercial banking, investment banking, and wealth management across Nigeria and even the UK. With a vast customer base and a clear vision to be Africa’s leading financial services group, FCMB is a force to be reckoned with.

Globus Bank Ltd

Name	Globus Bank Ltd
Address	Victoria Island, Lagos
State	Lagos
Date Reregistered
Telephone	0201 466 1000, 0201 225 9000-1
Website Email	https://globusbank.com contactcenter@globusbank.com

More About Globus Bank

Established in 2019, Globus Bank is a Nigerian commercial bank with ambitions to become the country’s leading digital bank. They leverage technology to provide efficient financial solutions to customers. Headquartered in Lagos, the bank currently has 16 branches and aims to expand across all major Nigerian cities.

Guaranty Trust Bank Plc

Name	Guaranty Trust Bank Plc
Address	Victoria Island, Lagos
State	Lagos
Date Reregistered	17 January 1990
Telephone	+234 201 271 4580 +234 201 271 5227
Website Email	www.gtbank.com contactcenter@globusbank.com

GTB, The Service Focus Bank

Guaranty Trust Bank (GTBank), founded in 1990, has become a leading Nigerian bank known for its service focus. By 1996, it became a public company and won multiple awards for excellence. Throughout the early 2000s, GTBank expanded its operations, receiving a universal banking license and completing successful share offerings.

In 2005, GTBank rebranded itself with a focus on retail banking and a vibrant orange identity. It made history in 2007 with a Eurobond issue and became the first Nigerian company listed on the London Stock Exchange. The bank has continued to establish itself in the international market through subsequent bond offerings.

Heritage Bank Plc

Name	Heritage Banking Company Ltd.
Address	Victoria Island, Lagos
State	Lagos
Date Reregistered	No Data
Telephone	No Data
Website Email	No Data

Keystone Bank Ltd

Name	Keystone Bank Limited
Address	Victoria Island, Lagos
State	Lagos
Date Reregistered	2011
Telephone	+234 700 2000 3000, 01-4485742 07046004000
Website Email	www.keystonebankng.com/ contactcentre@keystonebankng.com

Keystone: A Bank With Over 150 Branches

Established in 2011, Keystone Bank took over the assets, deposits, and some liabilities of a failing bank following its license revocation by the Central Bank of Nigeria. Initially under government ownership, Keystone Bank was acquired by a private consortium in 2017. Today, the bank focuses solely on the Nigerian market, boasting over 150 branches spread across the country. Keystone Bank is led by Hassan Imam, the Managing Director and CEO, and Nnenna Okoro, the Executive Director. While the Central Bank is currently working to fill out the full Board of Directors, this leadership team steers the bank forward.

Parallex Bank Ltd

Name	Parallex Bank Ltd
Address	Plot 1261, Adeola Hopewell Street, V.I,
State	Lagos
Date Reregistered	22 May 2020
Telephone	0700 727 25539 +234-17002600
Website Email	www.parallexbank.com/ customercare@parallexbank.com info@parallexbank.com

Parallex: The Digital Innovation Hub

In a historic move for Nigerian banking, Parallex Bank transformed from a microfinance bank established in 2008 to a fully licensed commercial bank in 2020. This pioneering achievement allows them to offer a wider range of financial services. Parallex Bank aspires to be the go-to provider for financial solutions, built on a foundation of digital innovation and exceptional customer experiences. Their strategy revolves around leveraging skilled personnel and cutting-edge technology to deliver maximum value. They boast a customer-centric approach with a clear and innovative product portfolio. The bank benefits from a team of experienced and forward-thinking professionals, guided by a progressive Board of Directors. Headquartered in Lagos, Parallex Bank has branches strategically placed across key regions in Nigeria.

Polaris Bank Plc

Name	Polaris Bank Plc
Address	3 Akin Adesola Street, Victoria Island
State	Lagos
Date Reregistered	21 September 2018
Telephone	0700 765 2747, 0806 988 0000, 01 297 9500, 01 4482100
Website Email	www.polarisbanklimited.com Yescenter@polarisbanklimited.com

Polaris For SMEs and More

Polaris Bank is well positioned to deliver industry-defining products, services and platforms across all the key market segments of the Nigerian economy; serving a wide customer base in the public and private sector, including large and small corporate organizations, SMEs, professional groups and institutions. The Bank has correspondent banking relationships with notable players in the international financial service sector, largely to support its customers’ requirements for project and trade finance. The Bank also plays strongly in the following areas, among several other banking operations:

Premium Trust Bank

Name	Premium Trust Bank
Address	Plot 473B, Trans-Amadi Industrial Layout
State	Port Harcourt
Date Reregistered	April 2022
Telephone	0700 765 2747, 07007736486 Landline : 01-3302777
Website	www.premiumtrustbank.com

Premium Trust, But Quite Innovative

Established in 2022, PremiumTrust Bank is a Nigerian commercial bank with a focus on major cities and both public and private sectors. Founded by experienced leaders with over 25 years of expertise, the bank prioritizes exceptional customer service through modern facilities, professional staff, and innovative products. By 2027, they aim to be the preferred bank in Nigeria and a leading voice in African consumer banking by 2032. Strong corporate governance is a core principle, with adherence to regulations and independent oversight fostering trust with stakeholders. Their governance framework ensures clear responsibilities and compliance, laying the groundwork for sustainable growth.

Providus Bank

Name	Providus Bank
Address	Plot 54, Adetokunbo Ademola, Victoria Island
State	Lagos
Date Reregistered	31 December 2015
Telephone	070077684387
Website Email	www.providusbank.com businessconcierge@providusbank.com

More About Providus Bank

ProvidusBank, a Nigerian financial institution, offers a wide range of banking solutions for individuals, businesses, and high-net-worth clients. They go beyond traditional banking by providing services like business advisory and portfolio management. ProvidusBank prioritizes supporting various sectors of the Nigerian economy, particularly non-oil sectors like agriculture and e-commerce. Driven by their “Future Forward Banking” philosophy, they leverage technology to deliver a fast, convenient, and personalized banking experience for all. Their goal is to make banking not just functional, but also contribute to a more exciting and fulfilling life for their customers.

Stanbic IBTC Bank Plc

Name	Stanbic IBTC Bank Plc
Address	BTC Place, Walter Carrington Crescent , Victoia Island
State	Lagos
Date Reregistered	2 February 1989
Telephone	0201 2709 676, 0201 4222 222, +234 700 909 9099
Website	www.stanbicibtcbank.com/ nigeriabank/

Why StanbicIBTC?

StanbicIBTC Bank is your one-stop shop for all things banking! Manage your money with ease – current, savings & domiciliary accounts, debit & credit cards, and even home loans. They empower businesses too with SME loans & *909# mobile banking. StanbicIBTC caters to everyone, offering convenient, tech-driven self-service options. Plus, get expert investment handling through Stanbic IBTC Nominees. Start banking for a better tomorrow, visit their values page to learn more!

Standard Chartered Bank

Name	Standard Chartered Bank
Address	142 Ahmadu Bello Way, Victoria Island,
State	Lagos
Date Reregistered	15 September 1999
Telephone	+234 201236 8220 – 4 +234 201236 8344
Website Email	www.sc.com/ng

More About Standard Chattered Bank

Standard Chartered Bank champions growth and success through their global network. They leverage their diverse team to unlock sustainable economic prosperity across their markets. Their core values focus on creating long-term benefits for clients, employees, and the communities they serve. Collaboration and integrity are central to their mission, pushing them to constantly improve.

Sterling Bank Plc

Name	Sterling Bank Plc
Address	Sterling Towers, 20 Marina, Lagos Island.
State	Lagos
Date Reregistered	25 January 1999
Telephone	.017003270
Website Email	www.sterling.ng customercare@sterling.ng

Why Sterling Bank?

Sterling Bank, part of Sterling Financial Holdings Company, aims to be a top choice for investors in Nigeria. They collaborate with clients and businesses through subsidiaries like Sterling Bank and The Alternative Bank. Their focus is on sustainable investing and creating a strong and inclusive Nigerian economy. They have a history of innovation in financial products to benefit both clients and employees.

SunTrust Bank Nigeria Limited

Name	SunTrust Bank Nigeria Limited
Address	1 Oladele Olashore Street, Victoria Island
State	Lagos
Date Reregistered	16 September 2015
Telephone	02-01-2802143, 02-01-2802144
Website Email	www.suntrustng.com helpdesk@suntrustng.com

What Does SunTrust Stand For

SunTrust Bank, a private Nigerian bank, is dedicated to providing innovative financial solutions for a positive impact. Their team develops a broad range of products and services for individuals, businesses, and government institutions. They focus on SME finance, consumer banking, corporate finance, and development projects. SunTrust Bank prioritizes client success through creative and responsible financial solutions.

Titan Trust Bank Ltd

Name	Titan Trust Bank Ltd
Address	Plot 1680 Sanusi Fafunwa Street, Victoria Island,
State	Lagos
Date Reregistered	12th Dec 25th April, 2019
Telephone	07000200200,, 012265100,, 012265129
Website Email	www.titantrustbank.com Contactcentre@titantrustbank.com

Titan Trust : The New Entrant

Founded in late 2018, Titan Trust Bank is a new player in the Nigerian banking scene, boasting the first national banking license issued in a decade. They aim to fill gaps in the market by serving retail customers, small businesses, and corporations. Their team of experienced bankers prioritizes exceptional service through a well-structured branch network designed to deliver a positive customer experience.

Union Bank of Nigeria Plc

Name	Union Bank of Nigeria Plc
Address	Stallion Plaza, 36 Marina, Lagos
State	Lagos
Date Reregistered	(1917) …..2ND January 2006
Telephone	+234-02-012716816
Website Email	www.unionbankng.com/

Union Bank: Aged And Strong Bank

Established in 1917, Union Bank of Nigeria (UBN) is a leading Nigerian institution offering a variety of banking services. With an extensive network of branches and ATMs across the country, UBN caters to individuals, small businesses, and corporations. Their vision is to be Nigeria’s most trusted partner, focusing on customer experience, talent development, and a robust banking platform. They are actively implementing a transformation strategy to improve processes, technology, and their overall service delivery.

United Bank For Africa Plc

Name	United Bank For Africa Plc
Address	57, Marina
State	Lagos
Date Reregistered	2ND January 2006
Telephone	(234) 01 2644651 – 700, 4701416, 2642284
Website Email	www.ubagroup.com cfc@ubagroup.com

Is UBA One of The Biggest Commercial Banks in Nigeria?

Yes, it is, United Bank for Africa (UBA) is a major African bank with a long history (over 70 years) headquartered in Lagos, Nigeria. UBA boasts a presence in 20 African countries and has operations in the UK, France, and the USA (with a deposit taking license, the only sub-Saharan African bank to do so). They recently opened for business in Dubai as well. UBA offers a wide range of financial services to over 45 million customers through various channels, including branches, ATMs, Point-of-Sale terminals, and online banking. They also specialize in key African economic sectors like oil & gas, infrastructure, agriculture, and commodities. This expertise positions them as a strong partner for governments and corporations across Africa.

Unity  Bank Plc

Name	Unity  Bank Plc
Address	Plot 42, Ahmed Onibudo Street, Victoria Island, Lagos.
State	Lagos
Date Reregistered	2ND January 2006
Telephone	(234) 09-4616700-9 +234 (0) 7080 666 000
Website Email	www.unitybankng.com we_care@unitybankng.com

More About Unity Bank Plc

Unity Bank commenced operations in January 2006 following the merger of nine Banks with competences in investment, corporate and retail banking. Today, Unity Bank is one of Nigeria’s leading retail banks with 213 business offices spread across the 36 States and Federal Capital Territory. We are Nigeria’s 8th largest bank by business locations.

The Bank offers wide-ranging financial services to individuals, businesses and the public sector of the nation’s economy. As a further commitment to the growth of the nation’s economy, Unity Bank focuses in particular on SMEs and Agribusinesses. We are driven by the vision to be the retail bank of choice for all Nigerians and this is at the core of all that we do.

Wema Bank Plc

Name	Wema Bank Plc
Address	Wema Towers 54, Marina Lagos Island
State	Lagos
Date Reregistered	18th January1965
Telephone	234 012669236, 2669713
Website Email	www.wemabank.com info@wemabank.com

Talk About Wema, The Good Old Bank

With a proud history dating back to 1945, Wema Bank is the longest-surviving indigenous bank in Nigeria. Originally a private company named Agbonmagbe Bank, it transformed into Wema Bank Limited in 1969. Throughout the years, Wema Bank achieved several milestones, including obtaining a commercial banking license, converting to a public company, and being listed on the Nigerian Stock Exchange. In 2001, they secured a Universal Banking License, solidifying their position as a major player in the Nigerian financial sector. Today, Wema Bank emphasizes its rich heritage of resilience, growth, and dedication to excellence.

Zenith Bank Plc

Name	Zenith Bank Plc
Address	Plot 84, Ajose Adeogun Street, Victoria Island.
State	Lagos
Date Reregistered	13th September 2004
Telephone	0201-278-7000, 0904-085-7000, 0700-936-4842265
Website Email	www.zenithbank.com  zenithdirect@zenithbank.com

More About Zenith, One of The Leading Commercial Banks In Nigeria

Founded in 1990, Zenith Bank has become a leading African financial institution and Nigeria’s largest bank by tier-1 capital. Headquartered in Lagos, it boasts a vast network of branches across Nigeria and subsidiaries in Ghana, Sierra Leone, and Gambia. Their global reach extends further with a representative office in China and ambitions for continued expansion.

Zenith Bank is a forerunner in digital banking, leveraging technology to deliver innovative financial solutions. Their commitment to excellence is reflected in their strong financial performance. From a shareholder fund of ₦20 million in 1990, the bank has grown this figure to a staggering ₦1.38 trillion by the end of 2022. This impressive growth, coupled with a focus on best practices, has solidified Zenith Bank’s position as a major player in the African financial market.