As a Nigerian, one of the institutions that can be of help to you is the bank. A bank is a financial institution where you can save your money, borrow money and handle other financial affairs. Whether you are a businessman, student, entrepreneur or housewife, you would need the services and resources of a bank at every point in your life.
However, banking in Nigeria has been quite a roller-coaster. Most times, some illegal banks disappear into thin air carting away people’s funds in the process. Because of this, most people are scared of keeping money in the bank.
Thanks to the Central Bank of Nigeria (CBN), banking in Nigeria has become better than it was in the past. The Central Bank of Nigeria (CBN) is known as the banker’s bank, it is the apex and highest bank in the federation. The Central bank is the regulatory body of other banks, including microfinance, commercial, mortgage and other financial institutions in Nigeria.
Over the years, the Central Bank of Nigeria has carried out many reforms which changed the banking industry in Nigeria. One of such reforms is the creation of the Nigeria Deposit Insurance Corporation (NDIC) in 1988 to protect the depositors and account holders. Therefore, if your bank collapsed or liquidate today, your funds will be safe.

List of Banks In Nigeria
Here is a list of banks of Nigeria. The list includes commercial, microfinance, merchant and other banks in Nigeria.
United Bank for Africa Plc.
Access Bank Plc.
Diamond Bank (Access).
Guaranty Trust Bank (GTBank) Plc.
Fidelity Bank Plc.
Ecobank Nigeria Plc.
Sterling Bank Plc.
Zenith Bank Plc.
First City Monument Bank (FCMB) Limited.
First Bank of Nigeria Limited.
Heritage Banking Company Limited.
Keystone Bank Limited.
Polaris Bank Limited (preveiously known as Skye Bank)
Union Bank of Nigeria Plc.
Stanbic IBTC Bank Plc.
Standard Chartered.
Citibank Nigeria Limited.
Titan Trust Bank Limited.
Unity Bank Plc.
Wema Bank Plc.
Globus Bank Limited.
SunTrust Bank Nigeria Limited.
Providus Bank Limited.
Jaiz Bank Plc.
TAJBank Limited.
Mutual Trust Microfinance Bank.
Coronation Merchant Bank.
FBNQuest Merchant Bank.
FSDH Merchant Bank.
Rand Merchant Bank.
Nova Merchant Bank.
Lapo Microfinance Bank.
Rehoboth Microfinance Bank.
Fortis Microfinance Bank Plc.
AB Microfinance Bank.
Accion Microfinance Bank Limited.
Fina Trust Microfinance Bank
Mainstreet Microfinance Bank.
Addosser Microfinance Bank.
Altitude Microfinance Bank.
FBN Microfinance Bank.
MFP Microfinance Bank.
Finca Microfinance Bank.
Grooming Microfinance Bank.
Ren Money MFB Limited.
E-Barclays Microfinance Bank.
Broadview Microfinance Bank.
Providence Microfinance Bank
Nigeria Police Force MFB Bank Plc
JesseField Microfinance Bank.
Crowned Eagle Microfinance Bank Limited.
Olive Microfinance Bank Limited.

Kuda Bank (Newly launched Online Digital Bank)

Conclusion
We have given you the full list of banks in Nigeria. It is imperative to know if your bank is listed on CBN’s list of banks in Nigeria. Only the banks that have received a license from CBN can carry out operations in Nigeria. If you need further information about these banks, you can visit their branches/offices or check their website.

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