The Central Bank of Nigeria, CBN Wednesday published an extensive roster of authorized Deposit Money Banks functioning within the nation. The list shows the approved and recognized commercial banks operating in the country.
The roster, disclosed on the CBN’s official website on Tuesday, seems to present a glimpse into Nigeria’s banking sector. Although the apex bank didn’t give further details about the status of the individual banks, speculations around the list suggested the banking sector may face another restructuring soon.
Banks with international authorisation include:
Access Bank Limited
Fidelity Bank Plc
First City Monument Bank Limited
First Bank Nigeria Limited
Guaranty Trust Bank Limited
United Bank of Africa Plc, and Zenith Bank Plc
Commercial banks with national authorisation include:
Citibank Nigeria Limited
Ecobank Nigeria Limited
Heritage Bank Plc
Globus Bank Limited
Keystone Bank Limited
Polaris Bank Limited
Stanbic IBTC Bank Limited
Standard Chartered Bank Limited Sterling Bank Limited
Titan Trust Bank Limited
Union Bank of Nigeria Plc
Unity Bank Plc
Wema Bank Plc
Premium Trust Bank Limited
Optimus Bank Limited
Commercial banks with regional licenses are:
Providus Bank Limited
Parallex Bank Limited
Suntrust Bank Nigeria Limited
Signature Bank Limited
Players in the non-interest banking sector with national authorisation include
Jaiz Bank Plc
Taj Bank Limited
Lotus Bank Limited
Alternative Bank Limited.
The merchant banking category include:
Coronation Merchant Bank Limited
FBN Merchant Bank Limited
FSDH Merchant Bank Limited
Greenwich Merchant Bank Limited
Nova Merchant Bank Limited
Rand Merchant Bank Limited
The financial holding companies listed were:
Access Holdings Plc
FBN Holdings Plc
FCMB Group Plc
FSDH Holding Company Limited
Guaranty Trust Holding Company Plc
Stanbic IBTC Holdings Plc
Sterling Financial Holdings Limited
Also, the Mauritius Commercial Bank Representative Office (Nigeria) Limited was listed as the sole representative office.
