The Central Bank of Nigeria (CBN) has disclosed an extensive list detailing licensed Deposit Money Banks (DMBs) operating across Nigeria. Since Tuesday, this list on the CBN’s website is a crucial resource, providing insights into Nigeria’s intricate banking system.
Additionally, this comprehensive compilation highlights banks that hold international authorization, thereby affording them the privilege to conduct banking activities globally. Noteworthy institutions like Access Bank Limited, Fidelity Bank Plc, and Zenith Bank Plc prominently feature in this category. Contrastingly, banks with national authorization, such as Citibank Nigeria Limited and Ecobank Nigeria Limited, highlight Nigeria’s diverse banking services. These institutions, with their national authorization, cater to specific banking needs within the country, providing a range of services.
Moreover, the roster delineates commercial banks possessing regional licenses, serving specific geographic regions within the country. Examples such as Providus Bank Limited and Parallex Bank Limited highlight the localized nature of banking operations.
The incorporation of the non-interest banking sector, exemplified by institutions like Jaiz Bank Plc, emphasizes diversity. Moreover, this inclusion showcases the sector’s dedication to providing Sharia-compliant banking services, addressing varied financial requirements. It underscores the industry’s commitment to inclusivity, ensuring accessibility to a wide range of banking options.
Moreover, this comprehensive compilation showcases the diverse landscape of Nigeria’s banking industry, offering consumers and investors abundant choices. It reflects the dynamic nature of the sector, presenting numerous opportunities for stakeholders.
Below are list of Deposit Money Banks (DMBs) as listed by CBN:
- Access Bank PlcÂ
- Citibank Nigeria LimitedÂ
- Ecobank Nigeria PlcÂ
- Fidelity Bank PlcÂ
- First Bank Nigeria LimitedÂ
- First City Monument Bank PlcÂ
- Globus Bank LimitedÂ
- Guaranty Trust Bank PlcÂ
- Heritage Banking Company Ltd.
- Keystone Bank LimitedÂ
- Optimus BankÂ
- Parallex Bank LtdÂ
- Polaris Bank PlcÂ
- Premium Trust Bank
- Providus BankÂ
- Â Standard Chartered Bank Nigeria Ltd
- Signature Bank Limited
- Stanbic IBTC Bank PlcÂ
- Sterling Bank PlcÂ
- SunTrust Bank Nigeria LimitedÂ
- Titan Trust Bank LtdÂ
- Union Bank of Nigeria PlcÂ
- United Bank For Africa PlcÂ
- Unity Bank PlcÂ
- Wema Bank PlcÂ
- Zenith Bank PlcÂ
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