Afribank First Bank of Nigeria United Bank for Africa Union bank Zenith Bank
Afribank FirstBank UBA Union Bank Zenith Bank

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  • Access Bank Plc – One of the largest banks in Nigeria with assets of over N1.9 trillion as of March 31, 2014.
  • Afribank plc provided commercial and investment banking services. The Central Bank of Nigeria withdrew the banking licenses of Afribank in 2011.
  • Barclays (Nigeria) offers international banking services in Lagos. Barclays in Nigeria does not provide a local banking service from this office.
  • Citibank Nigeria has been operating in Nigeria since 1984. The Bank provides a broad array of financial services to corporate and commercial customers, financial institutions and public sector organizations.
  • Diamond Bank – A universal bank, offering a full range of financial products and services to retail and corporate customers. As of December 31, 2013, it had total assets of N1.519 trillion (US$9.4 billion).
  • Equitorial Trust Bank (ETB) – A commercial bank in Nigeria, founded in 1990. In 2011, it was acquired by Sterling Bank Plc. The both institutions will serve customers through 187 branches nationwide.
  • Ecobank Nigeria – A commercial bank in Nigeria, established in 1986. It is a subsidiary of Ecobank Transnational Inc., a leading pan-African banking group with over 1,150 branches across the continent.
  • Fidelity Bank – One the top 10 largest banks in Nigeria, established in 1988. The current Fidelity Bank is a result of the merger with the former FSB International Bank and Manny Bank in December 2005. As of March 31, 2014, the Bank had total assets of N1.043 trillion (US$6.4 billion) and customer deposits of over  N752.2 billion.
  • First Bank of Nigeria (FBN) – The largest bank operating in Nigeria with total assets of N3.172 trillion (US$19.5 billion) as of March 31, 2014. FirstBank was founded in 1894 and is headquartered in Lagos.
  • First City Monument Bank (FCMB) – A universal bank with an emerging retail banking business. FCMB is the flagship of the First City Group, one of the leading financial institutions in Nigeria. As of May 25, 2014, First City had a market cap of N78.4 billion.
  • Guaranty Trust Bank (GTBank) –  The third largest bank in Nigeria. With over 3,500 employees, it operates through a network of about 200 offices in Nigeria with several bank and non-bank subsidiaries spread across Anglophone West Africa and the UK. The Bank currently has total assets of over 2 trillion Naira and shareholders’ funds of more than 200 billion Naira.
  • Intercontinental Bank was one of the largest financial services providers in Nigeria. In 2011, Access Bank plc acquired 75% majority interest in Intercontinental Bank.
  • Indo-Nigerian Merchant Bank Ltd – This bank has ceased to exist.
  • MainStreet Bank – A commercial bank in Nigeria. It operates as a subsidiary of Asset Management Company of Nigeria (AMCON).
  • Oceanic Bank – With about 400 offices in Nigeria, Cameroun, the Gambia and Sao Tome & Principe, it is one of the most recognized financial services brands in West Africa. The company was established in 1990 and the Bank’s shares were listed on the Nigerian Stock Exchange in 2004. As of 31 March 2011, the Bank had total assets of N991.7 billion.
  • Stanbic IBTC Bank – A part of the Standard Bank Group, based in Johannesburg, South Africa. As of March 31, 2014, Stanbic IBTC had N809.871 billion (US$5.0 billion) in total assets.
  • Sterling Bank Plc – A full service national commercial bank providing a wide range of banking services to individuals, businesses, non-profit organizations and government agencies.
  • Union Bank of Nigeria – Established in 1917, UBN is one of the leading financial institutions in sub-Sahara Africa with total assets of about N1 trillion (2014). It operates more than 405 branches throughout Nigeria
  • United Bank for Africa (UBA) – One of Africa’s leading financial institutions offering universal banking services to over 7.2 million customers through a network of over 600 branches in 19 African countries.
  • Wema Bank – A universal bank in Nigeria with total assets of 271 billion Naira and about 2,000 staff at the end of December 2011. It was founded in 1945 and is based in Lagos.
  • Zenith Bank – One of the largest banks in Nigeria and West Africa with total assets of N3.189 trillion (US$19.6 billion) and customer deposits of N2.288 trillion (US$14.07 billion) as of March 31, 2014. The Bank was established in May 1990 and started operations in July same year as a commercial bank.
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