Banks in Nigeria

Access Bank Plc – The principal banking subsidiary of Access Holdings Plc, Nigeria’s largest banking group by total assets. Access Holdings reported group total assets of NGN 51.56 trillion as of December 31, 2025. The bank absorbed Diamond Bank in 2019 and operates subsidiaries and representative offices across sub-Saharan Africa, Europe, the Middle East and Asia.

Afribank plc provided commercial and investment banking services. The Central Bank of Nigeria withdrew the banking license of Afribank in 2011.

Barclays (Nigeria) offers international banking services in Lagos. Barclays in Nigeria does not provide a local banking services 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 was a Nigerian commercial bank providing a full range of products and services to retail and corporate customers. As of March 31, 2017, it had total assets of N2.075 trillion (US$6.5 billion). It merged into Access Bank Plc in 2019 (Access Bank records the merger as completed in March 2019), and the enlarged institution retained the Access Bank name. Diamond Bank is no longer licensed by the Central Bank of Nigeria.

Equitorial Trust Bank (ETB) was a commercial bank in Nigeria with approximately 100 branches across the country. It was acquired by Sterling Bank Plc.

Ecobank Nigeria – A commercial bank established in 1986. It is a subsidiary of Ecobank Transnational Inc, a leading pan-African banking group with branches in over 30 countries including Kenya, Cameroon, Benin, Angola, Burkina Faso, Chad, Burundi, Cape Verde, Central African Republic, Democratic Republic of Congo, Côte d'Ivoire, Equatorial Guinea, Ethiopia, Gabon, Ghana, The Gambia, Guinea, Guinea Bissau, Liberia, Malawi, Mali, Mozambique, Niger, Rwanda, Sao Tome & Principe, Senegal, Sierra Leone, South Africa, South Sudan, Tanzania, Togo, Uganda, Zambia and Zimbabwe.

Fidelity Bank – A commercial bank in Nigeria with strategic focus on niche corporate banking, SMEs, retail and electronic banking. As of December 31, 2025, it had group total assets of NGN 10.46 trillion and customer deposits of NGN 6.89 trillion.

First Bank of Nigeria (FBN) – The largest bank operating in Nigeria based on total assets and earnings. It was founded in 1894 and is headquartered in Lagos.

First City Monument Bank (FCMB) – One of the leading financial institutions in the country with about 3.7 million customers and 200 branches.

Guaranty Trust Bank (GTBank) – A Nigerian commercial bank operating as a subsidiary of Guaranty Trust Holding Company Plc (GTCO), which was licensed as a non-operating financial holding company in April 2021 and listed on the Nigerian Exchange in June 2021. GTCO reported group total assets of NGN 17.76 trillion as of December 31, 2025 and has banking and non-banking subsidiaries in West and East Africa and the United Kingdom.

Intercontinental Bank was one of the largest financial services providers in Nigeria. In 2011, Access Bank plc acquired 75% majority interest in Intercontinental Bank.

MainStreet Bank was acquired by Skye Bank Plc in 2014. Mainstreet Bank was established in 2011 by taking over the assets and liabilities of Afribank Nigeria Plc.

Oceanic Bank International Plc was one of the most recognized financial services brands in West Africa. It was acquired by Ecobank Nigeria in 2011.

Skye Bank Plc was a Nigerian commercial bank with over 400 branches and approximately 900 ATMs across Nigeria. It had three bank subsidiaries, namely Skye Bank Sierra Leone, Skye Bank Gambia and Skye Bank Guinea. As of January 5, 2018, the company’s market capitalization was NGN 8.5 billion. The Central Bank of Nigeria revoked the bank's license in September 2018, and its assets and certain liabilities were transferred to a newly established bank, Polaris Bank, which states that it assumed them with effect from September 21, 2018.

Stanbic IBTC Bank is a member of the Standard Bank Group, the largest bank in South Africa. As of June 30, 2017, Stanbic IBTC had N1.27 trillion (US$3.8 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 – A full-service commercial bank established in 1917 and licensed by the Central Bank of Nigeria. It serves over 7.3 million customers through a network of 249 branches nationwide.

United Bank for Africa (UBA) – One of Africa’s leading financial institutions offering universal banking services through a network of over 700 branches and 1,740 ATMs in 19 African markets. As of December 31, 2025, UBA reported group total assets of NGN 33.17 trillion, ranking it second among Nigerian banking groups by total assets.

Wema Bank – A full-fledged commercial bank with operations in South-south, South-west, Lagos and Federal Capital Territory (Abuja) zones.

Zenith Bank – One of the largest banks in Nigeria and West Africa with total assets of NGN 31.46 trillion and customer deposits of NGN 24.33 trillion as of December 31, 2025. The Bank has subsidiaries in Gambia, Ghana, Sierra Leone and the United Kingdom as well as representative officers in South Africa and China.

Top 10 Banks in Nigeria

Below is a list of the 10 largest banks in Nigeria ranked by total assets as of June 30, 2017. The ranking has not been updated since. Diamond Bank Nigeria, sixth in the table, no longer exists: it merged into Access Bank Plc in 2019.

* As of September 30, 2017, United Bank for Africa (UBA) had N3,771 billion in total assets.