CBN Lists Deposit Money Banks In Nigeria (Full List)

The Central Bank of Nigeria has announced 44 lists of licensed deposit money banks in Nigeria.

The apex bank disclosed this in a list released on its official website on Tuesday, May 7.

According to CBN, Seven banks, including Zenith Bank, Access Bank, First Bank, First City Monument Bank, United Bank of Africa, Fidelity, and Guaranty Trust Bank, have Commercial Banking licenses with international authorization as of April 26, 2024.

Also, fifteen banks have commercial banking licenses with National Authorization.

Similarly, four banks have commercial banking licenses with regional authorization, and four non-interest banks have national authorization.

The bank said the country has six merchant banks licensed with national authorization.

It stated that financial holding companies increased to seven.

CBN added that the country has a Mauritius commercial bank representative office.

The list comes months after the CBN raised the minimum capital requirement for all banks in Nigeria to strengthen the country’s financial sector.

See the full list below:

Commercial banking licence with INTERNATIONAL authorisation

1. Access bank
2. Fidelity bank
3. First City Monument Bank
4. First Bank
5. Guaranty Trust Holding Company
6. United Bank for Africa
7. Zenith Bank

Commercial banking licence with NATIONAL authorisation
1. Citibank
2. Ecobank
3. Heritage bank
4. Keystone bank
5. Optimus bank
6. Polaris bank
7. Stanbic IBTC
8. Standard Chartered
9. Sterling bank
10. Titan Trust bank
11. Unity bank
12. Wema bank
13. Premium trust bank
14. Globus bank
15. Union bank

Commercial banks with REGIONAL authorisation
1. Parallex bank
2. Providus bank
3. SunTrust bank
4. Signature bank

Non-interest banking license with NATIONAL authorisation
1. Jaiz bank
2. Lotus bank
3. TAJ bank
4. Alternative bank

Merchant banking licence with NATIONAL authorisation
1. Coronation Merchant bank
2. FBN Merchant bank
3. FSDH Merchant bank
4. Greenwich Merchant bank
5. Rand Merchant bank
6. Nova Merchant bank

Financial holding companies in Nigeria
1. Access holdings
2. FBN holdings
3. FCMB Group
4. FADH holdings
5. Guaranty trust holding company
6. Stanbic IBTC holdings
7. Sterling financial holdings

Representative office
1. The Mauritius Commercial Bank Representative Office (Nigeria) Limited