The Central Bank of Nigeria (CBN) has published a comprehensive list of licensed Deposit Money Banks operating across the country, providing valuable insights into Nigeria\u2019s dynamic banking sector.<\/p>\n
The list, released on the CBN\u2019s official website on Tuesday, is
\ncategorised by the types of licenses held by each institution.<\/p>\n
LEADERSHIP gives a breakdown of the Nigerian banking landscape as released by the apex bank below:<\/p>\n
1. Banks with International Authorisation:
\n\u2013 Access Bank Limited
\n\u2013 Fidelity Bank Plc
\n\u2013 First City Monument Bank Limited
\n\u2013 First Bank Nigeria Limited
\n\u2013 Guaranty Trust Bank Limited
\n\u2013 United Bank for Africa Plc
\n\u2013 Zenith Bank Plc<\/p>\n
These banks operate beyond Nigeria\u2019s borders thereby showcasing the international reach of the nation\u2019s financial sector.<\/p>\n
2. Banks with National Authorisation:<\/p>\n
\u2013 Citibank Nigeria Limited
\n\u2013 Ecobank Nigeria Limited
\n\u2013 Heritage Bank Plc
\n\u2013 Globus Bank Limited
\n\u2013 Keystone Bank Limited
\n\u2013 Polaris Bank Limited
\n\u2013 Stanbic IBTC Bank Limited
\n\u2013 Standard Chartered Bank Limited
\n\u2013 Sterling Bank Limited
\n\u2013 Titan Trust Bank Limited
\n\u2013 Union Bank of Nigeria Plc
\n\u2013 Unity Bank Plc
\n\u2013 Wema Bank Plc
\n\u2013 Premium Trust Bank Limited
\n\u2013 Optimus Bank Limited<\/p>\n
Banks in this category are authorised to provide banking services nationwide.<\/p>\n
3. Banks with Regional Licenses:<\/p>\n
\u2013 Providus Bank Limited<\/p>\n
\u2013 Parallex Bank Limited
\n\u2013 Suntrust Bank Nigeria Limited
\n\u2013 Signature Bank Limited<\/p>\n
Regional banks offer services within specific regions of Nigeria.<\/p>\n
4. Non-Interest Banks with National Authorisation:
\n\u2013 Jaiz Bank Plc<\/p>\n
\u2013 Taj Bank Limited
\n\u2013 Lotus Bank Limited
\n\u2013 Alternative Bank Limited<\/p>\n
These banks provide non-interest banking services, catering to the
\ndiverse needs of customers.<\/p>\n
5. Merchant Banks:
\n\u2013 Coronation Merchant Bank Limited
\n\u2013 FBN Merchant Bank Limited
\n\u2013 FSDH Merchant Bank Limited
\n\u2013 Greenwich Merchant Bank Limited
\n\u2013 Nova Merchant Bank Limited
\n\u2013 Rand Merchant Bank Limited<\/p>\n
Merchant banks focus on investment banking and related services.<\/p>\n
6. Financial Holding Companies:
\n\u2013 Access Holdings Plc
\n\u2013 FBN Holdings Plc
\n\u2013 FCMB Group Plc
\n\u2013 FSDH Holding Company Limited
\n\u2013 Guaranty Trust Holding Company Plc
\n\u2013 Stanbic IBTC Holdings Plc
\n\u2013 Sterling Financial Holdings Limited<\/p>\n
These companies control multiple financial subsidiaries, expanding their influence across various financial services.<\/p>\n
7. Representative Office:
\n\u2013 The Mauritius Commercial Bank Representative Office (Nigeria) Limited<\/p>\n
The sole representative office provides a liaison point for The Mauritius Commercial Bank.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Central Bank of Nigeria (CBN) has published a comprehensive list of licensed Deposit Money Banks operating across the country, providing valuable insights into Nigeria\u2019s dynamic banking sector. The list, released on the CBN\u2019s official website on Tuesday, is categorised by the types of licenses held by each institution. LEADERSHIP gives a breakdown of the […]<\/p>\n","protected":false},"author":7,"featured_media":30566,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[],"class_list":["post-30565","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/30565","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=30565"}],"version-history":[{"count":1,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/30565\/revisions"}],"predecessor-version":[{"id":30567,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/30565\/revisions\/30567"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/30566"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=30565"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=30565"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=30565"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}