Banks & Financial Institutions in Nigeria | Web & Contacts Directory/Listing

Established in 2006, Accion MfB Limited began operations in May 2007 on license from the Central Bank of Nigeria. Our management team comprises seasoned and distinguished professionals from diverse backgrounds complemented by the expertise of our technical partners, ACCION International.

The Development Bank of Nigeria (DBN) was conceived by the Federal Government of Nigeria (FGN) in collaboration with global development partners to address the major financing challenges facing Micro, Small and Medium Scale Enterprises (MSMEs) in Nigeria.

Access Bank Plc is a full service commercial Bank operating through a network of about 366 branches and service outlets located in major centres across Nigeria, Sub Saharan Africa and the United Kingdom. Listed on the Nigerian Stock Exchange in 1998, the Bank serves its various markets through 4 business segments: Personal, Business, Commercial and Corporate & Investment banking.

Bank of Agriculture (BOA) Limited was incorporated as Nigerian Agricultural Bank (NAB) in 1972 and became operational in 1973. In 1978, the institution’s name was changed to Nigerian Agricultural and Co-operative Bank (NACB) Limited to reflect a broader mandate. In October, 2001, following the Federal Government’s efforts to streamline the operations of its agencies, the NACB, People’s Bank of Nigeria (PBN) and the risk assets of the Family Economic Advancement Programme (FEAP) were merged to form Nigerian Agricultural, Co-operative Rural Development Bank (NACRDB) Limited. Ten years later, in October 2010, the Bank was rebranded and it adopted the new name Bank of Agriculture (BOA) Limited as part of its Institutional Transformation Programme.

Berachah Microfinance Bank hereafter known as ‘Berachah’, ‘BMFB’ or ‘the bank’ was established by Pastor Charles Kpandei and Mr. Kola Fashola with seventeen other shareholders in 2007. The promoters of the bank have a vision that Berachah Microfinance Bank will be a place of blessing. The promoters were driven by the belief that everyone can see the sun no matter how tall or short, hence its symbol – the sun The bank is located in Ikosi Ketu in Kosofe Local Government Area of Lagos state.

The bank is a dully registered private liability company with the Corporate Affairs Commission (CAC) in Abuja, Nigeria. It was conceived to provide financial services to a wide range of customers including individuals, micro businesses, cooperatives, corporate organizations, self-help groups etc. in Nigeria’s dynamic business environment

Bishopgate MicroFinance Bank Limited (Thereafter referred to as “Bishopgate”) is a licensed and registered Micro Finance Bank. It was incorporated in 1991 under the trading name of Idi-Oro Community bank Limited which operated for a decade before it was recapitalized in the year 2008 and transformed into BishopGate Microfinance Bank Limited.

Briyth Covenant Microfinance Bank Limited is a finance based organisation established in line with CBN policy on Microfinance Banks that focuses on service delivery to the largely “unbanked” populace which are mainly the small and medium scale business men and women.

Broadview Microfinance (MFB) Ltd, is a wholly owned Nigerian company that was incorporated on the 11th June 2007 and licensed to carry out the business of Micro financing Banking by the Central Bank of Nigeria on the 27th August 2007. Our Corporate head office is located at No. 52, Odunlami Street, Central Lagos Business District. The business was conceived after a thorough analytical review and study of our immediate environment-Lagos Island and other parts of Lagos State in general

The Central Bank Act, 1958 (as amended) and the Banking Decree 1969 (as amended) constituted the legal framework within which the CBN operates and regulates banks. The wide range of economic liberalization and deregulation measures following the adoption, in 1986, of a Structural Adjustment Programme (SAP) resulted in the emergence of more banks and other financial intermediaries. The Banks and Other Financial Institutions (BOFI) Decrees 24 and 25 of 1991, which repealed the Banking Decree 1969 and all its amendments, were, therefore, enacted to strengthen and extend the powers of CBN to cover the new institutions in order to enhance the effectiveness of monetary policy, regulation and supervision of banks as well as non-banking financial institutions. Unfortunately in 1997, the Federal Government of Nigeria enacted the CBN (Amendment Decree No. 3 and BOFI (Amended)] Decree No. 4 in 1997 to remove completely the limited autonomy which the Bank enjoyed since 1991.

The Bank is charged with the responsibility of administering the Banks and Other Financial Institutions (BOFI) Act (1991) as amended, with the sole aim of ensuring high standards of banking practice and financial stability through its surveillance activities, as well as the promotion of an efficient payment system. In addition to its core functions, CBN has over the years performed some major developmental functions, focussed on all the key sectors of the Nigerian economy (financial, agricultural and industrial sectors). Overall, these mandates are carried out by the Bank through its various departments.

A central feature of the chequered history of the Chartered Institute of Bankers of Nigeria has been the sustained effort to enthrone professional excellence in the banking industry in Nigeria. This struggle, based essentially on the need to jealously guard, preserve and positively project on the noble profession of banking, which is based on the principle of "Trust and Honesty", has not been easy considering the numerous problems associated with a developing banking industry and the Nigerian economy in general. Yet in spite of daunting odds faced in this turbulent journey, it is to the eternal credit of the founding fathers, successive leaders of the Institute, captains of the industry and regulatory bodies, that significant and giant strides have been made within the banking industry

Citi has been doing business in Nigeria since 1984. The bank formerly operated under the name Nigeria International Bank Limited, but was renamed to Citibank Nigeria Limited (Citi Nigeria) in 2008 to fully align with Citi's global brand and identity.

Citygate Global Investment Ltd. is an organization founded in June 2007 to engage in Microfinance Business and registered with Corporate Affairs Commission (CAC). Citygate Global is a registered member of Association of Non-Bank Microfinance Institution of Nigeria (AMFIN) and also a registered Money Lending Company in all the States where we operate. The organization was created with the objective to reduce Nigerian population living below poverty line by intervening and enhancing the capacities of the low-end actively engaged population struggling to run a viable businesses to earn a living.

Confidence Microfinance Bank commenced operations in 1995 was incorporated as a Private Limited Liability Company in Nigeria with registration number RC270471 dated 24th April 1995. The license to carry on the business as a Mortgage Finance Institution was issued to the Bank on 21st August 1995 with number 000305. The approval-in-principle was given to the Bank by Central Bank of Nigeria (CBN) to convert from primary mortgage institution to the status of a Microfinance Bank by letter dated 27th August 2007. The name of the bank was changed to Confidence Microfinance Bank Limited as per certificate of incorporation dated 12th February 2008. The approval for final licence was issued to the Bank by a letter dated 27th July 2009.

DavoDani Microfinance Bank Limited was incoporated as Limited liability company and licensed by Central Bank of Nigerial (CBN) in September, 2008 to transact all Microfinance Banking Business. However, in July, 2014,new investors acquired the operating licence and restructured the bank management and ownership for effective growth. The rebranded Bank Continued in Business in November, 2014.

Diamond Bank Plc began as a private limited liability company on March 21, 1991 (the company was incorporated on December 20, 1990). Ten years later, in February 2001, it became a universal bank. In January 2005, following a highly successful Private Placement share offer which substantially raised the Bank's equity base, Diamond Bank became a public limited company. In May 2005, the Bank was listed on The Nigerian Stock Exchange. Moreover, in January 2008, Diamond Bank's Global Depositary Reciepts (GDR) was listed on the Professional Securities Market of the London Stock Exchange. The first bank in Africa to record that feat.

Today, Ecobank is the leading pan-African bank with operations in 36 countries across the continent, more than any other bank in the world. It currently operates in countries in West, Central , East and Southern Africa, namely Angola, Benin, Burkina Faso, Burundi, Cape Verde, Cameroon, Central African Republic, Chad, Congo Brazzaville, Democratic Republic of Congo, Côte d'Ivoire, Equatorial Guinea, Ethiopia, Gabon, Ghana,The Gambia, Guinea, Guinea Bissau, Kenya, Liberia, Malawi, Mali, Mozambique, Niger, Nigeria, Rwanda, Sao Tome & Principe, Senegal, Sierra Leone, South Africa, South Sudan,Tanzania, Togo, Uganda, Zambia and Zimbabwe. The Group also has a licenced operation in Paris and representative offices in Beijing, Dubai, Johannesburg, London and Luanda. - See more at:

Fidelity Bank Plc began operations in 1988 as Fidelity Union Merchant Bank Limited. By 1990, it had distinguished itself as the fastest growing merchant bank in the country. However, to leverage the emerging opportunities in the commercial and consumer end of financial services in Nigeria, in 1999, it converted to commercial banking and changed its name to Fidelity Bank Plc. It became a universal bank in February 2001, with a license to offer the entire spectrum of commercial, consumer, corporate and investment banking services.

First Bank of Nigeria Limited (FirstBank) is Nigeria’s largest financial services institution by total assets and gross earnings. With more than 10 million customer accounts, FirstBank has over 750 branches providing a comprehensive range of retail and corporate financial services. The Bank has international presence through its subsidiaries, FBN Bank (UK) Limited in London and Paris, FBNBank DRC, FBNBank Ghana, FBNBank Gambia, FBNBank Guinea, FBNBank Sierra-Leone and FBNBank Senegal, as well as its Representative Offices in Johannesburg, Beijing and Abu Dhabi.

Guaranty Trust Bank plc is a foremost Nigerian financial institution with vast business outlays spanning Anglophone/Francophone, West Africa, East Africa and the United Kingdom. The Bank presently has an asset base of over 2.54 Trillion Naira, shareholders funds of over 385 Billion Naira and employs over 10,000 people in Nigeria, Cote d'Ivoire, Gambia, Ghana, Kenya, Liberia, Rwanda, Sierra Leone, Uganda and the United Kingdom.

Heritage Bank is a leading Nigerian bank with an excellent service culture hinged on working with each customer to create a name and heritage for today and for future generations. With the ideals of Service, Performance, Respect, Integrity, Innovation, Tenacity and Excellence forming core values, we have set out to redefine the concept of banking for the quintessential customer

Banks & Financial Institutions in Nigeria | Intercontinental Bank

Keystone Bank is a full service commercial bank wholly owned by the Asset Management Corporation of Nigeria (AMCON) and was granted banking license on August 5, 2011, by the Central Bank of Nigeria (CBN). The Bank has met and exceeded all capital and capital adequacy requirements of the CBN and assumed the deposit liabilities, certain other liabilities and assets of former Bank PHB Plc, following the revocation of the erstwhile bank's operating License by the CBN.

NEXIM was established by Act 38 of 1991 as an Export Credit Agency (ECA) with a share capital of N50, 000,000,000 (Fifty Billion Naira) held equally by the Federal Ministry of Finance Incorporated and the Central Bank of Nigeria.

Skye Bank PLC has evolved into one of the top financial institutions in Nigeria, after its very seamless consolidation exercise in 2006. It operates as a group that provides facets of financial products and services powered by a purpose built technological framework that supports the service delivery process to customers. With a cumulative wealth of experience that spans over 50 years, Skye Bank is historically one of the oldest banks in Nigeria and West Africa. We are quoted on the Nigerian Stock Exchange with over 450,000 diverse shareholders with a shareholding structure that puts no more than 5% in the control of any one individual or company.

The Standard Bank was founded in London in 1862 by John Paterson from the Cape Colony in South Africa, and started business in Port Elizabeth in the following year. The bank was prominent in financing the development of the diamond fields of Kimberley from the 1870s. It later extended its network further north to the new town of Johannesburg when gold was discovered there in 1886. The bank expanded in Southern, Central and Eastern Africa and had 600 offices by 1953. In 1965, it merged with the Bank of West Africa, expanding its operations into Cameroon, Gambia, Ghana, Nigeria and Sierra Leone. In 1987 Standard Chartered Bank sold its stake in the Standard Bank, which now operates as a separate entity.

The Chartered Institute of Taxation of Nigeria started on February 4, 1982 as Association of Tax Administrators and Practitioners. Thereafter, it transformed into Nigeria Institute of Taxation, which was formally launched on February 21, 1982 and statutorily recognized on May 6, 1987 as company Limited by Guarantee. The Institute was chartered by the Federal Government of Nigeria by the enabling Act No. 76 of 1992 (now CITN Act, CAP C10, Vol. 2, Laws of the Federation of Nigeria, 2004) and was charged with the responsibility, among others, of determining what standards of knowledge and skills are to be attained by persons seeking to become professional Tax Practitioners or Administrators.

Founded in 1959 by Article of Association and Memorandum, the Institute was known and referred to as Insurance Institute of Nigeria until February 26, 1993 when it became chartered vide Decree (Now Act) No 22 of the Federal Republic of Nigeria. Upon establishment in 1959, the Institute became the rallying point for Insurance practitioners in Nigeria comprising a few expatriates and their Nigerian counterparts whose pioneering efforts provided the building blocks for what has now become a veritable force in the Nation’s Financial Services Industry and the Economy at large. The Institute was affiliated to the Chartered Insurance Institute (CII), London in 1960 for reasons bothering on the need to model its operations after the London institute which then produced the bulk of Insurance professionals whose expertise were indispensable in shaping the face of professional practice in the early days

The Federal Mortgage Bank of Nigeria (FMBN) was established in 1956, known then as the Nigerian Building Society (NBS), a joint venture of the Commonwealth Development Corporation and the Federal and Eastern Governments of Nigeria. Following the introduction of the Indigenisation Policy, the Federal Government, by Indigenisation Act 1973, undertook 100 percent ownership acquisition of the NBS and consequently renamed it the Federal Mortgage Bank of Nigeria (FMBN).

The Institute of Chartered Accountants of Nigeria (ICAN) was established by Act of Parliament No. 15 of 1965 to: (i) determine what standards of knowledge and skill are to be attained by persons seeking to become members of the accountancy profession and to raise those standards from time to time as circumstances may permit; (ii) secure in accordance with the provision of the Act, the establishment and maintenance of the registers of fellows, associates and registered accountants entitled to practise as accountants and auditors and to publish from time to time a list of those persons; (iii) perform, through the Council of the Institute, all other functions conferred on it by the Act. As the foremost professional accounting body in the West African sub-region, in 1982, ICAN initiated and contributed significantly to the formation of the Association of Accounting Bodies in West Africa (ABWA). In fulfilling it mission, the Institute has over the years certified 38,000 Charter

micro finance bank

UBA’s has more than 65 years of providing uninterrupted banking operations dating back to 1948 when the British and French Bank Limited (“BFB”) commenced business in Nigeria. BFB was a subsidiary of Banque Nationale de Crédit (BNCI), Paris, which transformed its London branch into a separate subsidiary called the British and French Bank, with shares held by Banque Nationale de Crédit and two British investment firms, S.G. Warburg and Company and Robert Benson and Company. A year later, BFB opened its offices in Nigeria to break the monopoly of the two existing British owned banks in Nigeria then.

Unity Bank commenced Operations in January 2006 following the Merger of Nine Financial Institutions with Competences in Investment, Corporate and Retail Banking. Today, Unity Bank is one of Nigeria's leading Retail Banks with 240 business offices spread across the 36 States and Federal Capital Territory. We are Nigeria's 7th largest bank by business locations. unitybankUnity Bank is one of the largest employers of labour in Nigeria and a major contributor to its gross domestic product (GDP). The Bank employs over 2,000 people.

Wema Bank offers a range of retail and SME banking, corporate banking, treasury, trade services and financial advisory to its ever-expanding clients. In 2009, the Bank underwent a strategic repositioning exercise which culminated in a decision to operate as a commercial Bank with regional authorisation in South-South Nigeria, South-West Nigeria, Lagos and Abuja in 2011. Operating a network of over 125 branches and service stations backed by a robust ICT platform across Nigeria, we are committed to long-term sustainability in our business whilst maintaining the highest standards of social responsibility, corporate governance and diversity in our operations.