Before i proceed to list out, the names of all Commercial banks, which has been approved and licence to operate in Nigeria, by the Central Bank of Nigeria (CBN), i would love to define in simple terms, what a Commercial bank is.
What Is A Commercial Bank
A commercial bank can be defined, as any financial institution, which has been legally authorized by a governing body of the State, Country, Nation, etc (example, Central Bank of Nigeria) to accept money in forms of deposits and also lend money to individuals for an agreed percentage.
Update: If you’re searching for the sorts code for any Nigerian Bank, here is the complete lists, which contains the sorts codes of all banks operating in Nigeria.
Today, i was totally surprised to know, that some citizens of Nigeria, can not list out, all commercial operating banks in Nigeria. After a doing some basic research, I’ll be listing here, the names of commercial banks which has been officially authorized by the Central Bank of Nigeria (CBN) to legally operate in Nigeria.
Another aim of writing and publishing this article here on Techopera.com, is to help all tourists who would love to visit Nigeria to see her cultural wonders, among other interesting things, to know which bank they can do business with.
If you are searching for a bank to make deposits of your money or get loans from? Here is an updated list of commercial banks in Nigeria.
List of of All Commercial Banks In Nigeria
Access Bank – Acquired Intercontinental Bank
Ecobank Nigeria – Acquired Oceanic Bank
Enterprise Bank Limited – Formerly Spring Bank
Fidelity Bank Nigeria
First Bank of Nigeria
First City Monument Bank – Acquired FinBank
FSDH Merchant Bank – Merchant Bank
Guaranty Trust Bank
Heritage Bank Plc.
Keystone Bank Limited – Formerly Bank PHB
Mainstreet Bank Limited – Formerly Afribank (Acquired by Skye Bank Plc)
Rand Merchant Bank – Merchant bank
Stanbic IBTC Bank Nigeria Limited
Standard Chartered Bank
Sterling Bank – Acquired Equitorial Trust Bank
Union Bank of Nigeria – Owned By Union Global Partners Limited
United Bank for Africa
Unity Bank Plc.
The above list, contain all the names of banks which has been officially approved by CBN to operate in Nigeria.