Top 10 Banks in Nigeria
The Central Bank of Nigeria oversees and controls the banking system in Nigeria. The commercial bank of Nigeria generally carries out its three primary duties like receiving deposits, offering loans, and ensuring that payment and settlement processes run smoothly.
Factors to Consider When Choosing a Bank
Reputation: Look for bank that has reputation via customer satisfaction,financial stability etc. Reputation matters in banking sector.
- Excellent Customer service: Choose a bank that has quality customer services like Live chats,phone support, and branch-based help and excellent services.
Product Services: Banks offer various services. Always choose the ones with low interest rate,low maintenance charges and low service charges etc.
Mobile banking:Mobile banking is very popular in Nigeria, allowing customers to access their accounts and perform transactions on-the-go. Consider the bank’s mobile app and its features, including bill payment and account management.
- Low fee charges: Banks charge various fees for different services. Consider the bank’s fee structure, including monthly maintenance fees, ATM fees, and overdraft fees.
Top 10 Banks in Nigeria
Now that we’ve covered the factors to consider when choosing a bank, let’s dive into the top 10 banks in Nigeria.
Zenith Bank Plc
Zenith Bank Plc is one of the leading bank in Nigeria. Zenith Bank, established in 1990, is the largest bank in Nigeria by tier-1 capital, and its shares, valued at more than $3 billion and also listed on the Nigerian Stock Exchange (NSE). Zenith bank has offering a wide range of banking and financial services to individuals and businesses. Zenith bank has a reputation for providing outstanding customer service and creative ideas, including a mobile banking app that has received numerous awards.
First Bank of Nigeria Limited
The First Bank of Nigeria Limited, which was established in 1894, is Nigerian oldest bank. One of the top 10 banks in Nigeria. Financial Times Group has named it “The Best Bank Brand in Nigeria” consecutively from the year 2011 through to 2015. The bank has a solid reputation for customer service and financial stability, making it a top choice for many Nigerians.
Guaranty Trust Holding Company PLC GTCO(GTBank)
Guaranty Trust Holding Company PLC also known as GTCO PLC, also known as GTBank, GTCO was found on 17 January 1990.Guaranty Trust Bank Plc is a leading African Bank that offers Online/Internet Banking, Retail Banking, Corporate Banking, Investment Banking and Asset. GTBank is known for its quality customer service.
Access Bank Plc
Access Bank Plc is one of the top banks in Nigeria, a Nigerian multinational commercial bank, owned by Access Bank Group. It is licensed by the Central Bank of Nigeria, the national banking regulator. Originally a corporate bank, they expanded into personal and business banking in 2012. Founded in 1989.
Ecobank Nigeria Plc
Ecobank Nigeria Plc is a subsidiary of Ecobank Transnational Incorporated, a leading pan-African banking group. A regional commercial bank operating in many African countries. Ecobank was found in 1985.
United Bank for Africa Plc (UBA)
United Bank for Africa Plc, also known as UBA, is one of the largest financial institutions in Africa, offering a wide range of banking and financial services to individuals and businesses. The bank has a reputation for excellent customer service and innovative products, including its mobile banking app, which has won several awards. UBA is also known for its commitment to corporate social responsibility, supporting various community development initiatives.
Union Bank of Nigeria Plc
Union Bank of Nigeria Plc is one of the oldest and most reliable bank in Nigeria, founded in 1917. Union bank is a leading financial institution to support both large corporations and small and medium-sized businesses.
Fidelity Bank Plc
Fidelity Bank Plc is one of the fastest-growing banks in Nigeria. Founded in 1988 and also Corporate banking and the micro, small, and medium-sized company sectors.
Stanbic IBTC Bank Plc
Stanbic IBTC Bank Plc is a subsidiary of Standard Bank Group, a leading African financial institution. The bank offers a wide range of financial products and services to individuals and businesses, including personal and business banking, investment banking, and asset management. Standard Bank is Africa’s largest banking group ranked by assets and earnings, operations in 20 African countries and 13 countries outside Africa.
First City Monument Bank, a member of FCMB Group Plc, is a financial services holding company headquartered in Lagos. FCMB Group Plc has nine subsidiaries divided among three business groups: commercial and retail banking, investment banking, and asset and wealth management. Banking Made Easy. With the FCMB New Mobile App, you can conveniently switch between your accounts, make payments, dispute transactions, and much more.