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:

1. Access Bank Plc 
2. Citibank Nigeria Limited 
3. Ecobank Nigeria Plc 
4. Fidelity Bank Plc 
5. First Bank Nigeria Limited 
6. First City Monument Bank Plc 
7. Globus Bank Limited 
8. Guaranty Trust Bank Plc 
9. Heritage Banking Company Ltd.
10. Keystone Bank Limited 
11. Optimus Bank 
12. Parallex Bank Ltd 
13. Polaris Bank Plc 
14. Premium Trust Bank
15. Providus Bank 
16.  Standard Chartered Bank Nigeria Ltd
17. Signature Bank Limited
18. Stanbic IBTC Bank Plc 
19. Sterling Bank Plc 
20. SunTrust Bank Nigeria Limited 
21. Titan Trust Bank Ltd 
22. Union Bank of Nigeria Plc 
23. United Bank For Africa Plc 
24. Unity Bank Plc 
25. Wema Bank Plc 
26. Zenith Bank Plc 

Follow us on Socials:

• Twitter
• Facebook