Discover the Top 10 Best Banks in Nigeria List 2022
Numerous banks in Nigeria have been bolstered by the influence of the country’s national monetary system, which is commonly referred to as the Central Bank of Nigeria. In this context, the CBN has consistently adopted banking policies intended to protect commercial banks against financial challenges such as insolvency. In the event of financial difficulties, the CBN may provide loans to certain banks to stabilize their operations and avert a possible liquidation.
In actuality, banks serve not only as safes for people’s possessions but also as pillars upon which a functioning economic system can be constructed. In order for a nation’s economy to be stable, existing banks must be endowed with large capital from which individuals can borrow to satisfy financial responsibilities.
Regarding the topic of this post, we are delighted to list the leading banks in Nigeria. The Top Ten Nigerian Banks are ranked in this post. Notable also is that these banks are evaluated based on their total assets, and it is assumed that each of them serves their consumers with dependable and steady financial services. check out 10 BEST FREELANCE WEBSITES TO FIND WORK IN 2022
If you’re interested in learning about the top banks in Nigeria’s banking industry, we believe you’ll find this piece to be of great use. Therefore, continue reading as we list the names of these top banks, beginning with the first and ending with the sixth.
1. Zenith Bank Nigeria Plc
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Zenith Bank was founded in 1990, identically to GTBank. With more than 500 subsidiaries, Zenith Bank provides financial services in the United Kingdom and throughout West African nations such as The Gambia, Sierra Leone, Ghana, and Nigeria. With the assistance of its personnel (comprising over 6,600 people), Zenith Bank has been able to acquire a large number of customers, particularly in Nigeria, as a result of its commitment to providing high-quality financial services. Approximately 15.7 billion in assets are believed to have been amassed by Zenith Bank.
2. United Bank for Africa
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This bank goes by the abbreviation UBA and is one of the oldest banks in Nigeria. UBA, which was founded in 1949 and offers banking services in the United States, the United Kingdom, and other African nations, has reached great heights since its inception. In the meantime, this outstanding position is achieved with the aid of more than 600 subsidiaries. To demonstrate that a large number of people have benefited from UBA’s banking services, 7 million consumers are stated.
UBA has acquired opulent assets presently estimated at 12.3 billion, which are believed to have originated from a collaboration between Continental Trust Bank Limited and Standard Trust Bank Plc. check out CBN TO RELEASE NEW NAIRA NOTES BY DECEMBER 2022
3. First Bank Plc {FBN}
![Top 10 Best Banks in Nigeria List
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First Bank was the first financial organization to be created in Nigeria, in addition to its prominence as one of the country’s top banks. First Bank, which was founded in 1894, was once known as Bank of West Africa. In 1979, the banking company phased out the name and replaced it with First Bank of Nigeria Plc. check out TOP 5 MISTAKES FIRST-TIME iPHONE USERS MAKE
First Bank has been an active financial organization with operations across and beyond the limits of Nigeria for an incalculable number of years. Moreover, the bank currently has subsidiaries in the United Kingdom and in a number of West African nations, including Senegal, Ghana, Sierra Leone, and The Gambia. First Bank is the second largest Nigerian bank, with total assets estimated to be at 21,3 billion, trailing only GTBank by a small margin.
4. Guaranty Trust Bank Plc {GTBank}
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Top 10 Best Banks in Nigeria List](https://jaybesttrends.com/wp-content/uploads/2022/11/images-2022-11-12T221912.jpg)
Guaranty Trust Bank is commonly abbreviated as GTBank, and it holds the top position on this list. Since its establishment in 1990, GTBank has consistently increased its customer base, and it currently has the unequaled position as the greatest Nigerian bank. GTBank’s banking services are bolstered by the fact that its subsidiaries operate in all 36 Nigerian states. According to sources, GTBank has a vast 10,000-person workforce at present. check out TOP 10 OIL-PRODUCING COUNTRIES (UPDATED 2022)
5. Access Bank, Plc.
![Top 10 Best Banks in Nigeria List
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Access Bank, which was founded in 1989, appears to be one of the main Nigerian banks, with a large staff (estimated at over 9,000 personnel) and multiple subsidiaries. Regarding this, the bank’s operations in Nigeria are supported by more than 300 branches. In addition to Nigeria, Access Bank has branches in Sierra Leone, Zambia, Congo, and the United Kingdom from where it provides financial services. check out HOW TO MAKE MONEY ONLINE: 11 REAL WAYS TO EARN MONEY ONLINE
6. Ecobank Nigeria
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Top 10 Best Banks in Nigeria List](https://jaybesttrends.com/wp-content/uploads/2022/11/images-2022-11-12T222315.jpg)
Ecobank is a great financial institution whose operations span the globe. Specifically, the bank controls multiple subsidiaries, some of which are located in South Africa, France, Angola, and other nations. Currently, Ecobank’s banking services are provided by a personnel of more over 19,000 individuals. In addition, it is estimated that the bank’s assets are approximately 20.0 billion.
7. Diamond Bank, plc (Access Bank)
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With approximately 240 Nigerian subsidiaries, Diamond Bank maintains its status as one of the modern Nigerian banks that has expanded its activities into other regions. Diamond Bank presently operates in Ivory Coast, Benin, and Senegal in addition to Nigeria.
In addition, Diamond Bank is one of the notable 1990 banking organizations [together with Zenith Bank and GTBank] to have been founded. Currently, Diamond Bank focuses its efforts on expanding its customer base through the provision of excellent banking services. Simultaneously, the bank’s total assets are declared to be 7.3 billion. check out TOP 10 BEST LOAN ORGANISATIONS IN NIGERIA 2022
8. Union Bank of Nigeria
![Top 10 Best Banks in Nigeria List
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Union Bank is among the oldest Nigerian banks, in addition to its extraordinary inclusion on this limited list. Barclays Bank, which was founded in 1917, is thought to have been the ancestor of Union Bank. Currently, the bank has expanded its reach through various Nigerian branches, and its total assets are worth more than 6,800,000,000.
9. Fidelity Bank
![Top 10 Best Banks in Nigeria List
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Fidelity Bank is one of Nigeria’s strongest and most dependable financial institutions, having evolved from the 1988-founded Fidelity Union Merchant Limited. It currently conducts banking operations with the assistance of 220 global subsidiaries. Similarly, it has consistently grown its customer base, which today totals 2,3 million people. Significantly, Fidelity Bank today possesses total assets worth $6.31 billion. check out TOP 10 WORST CURRENCIES IN THE WORLD 2022
10. Skye Bank
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Top 10 Best Banks in Nigeria List](https://jaybesttrends.com/wp-content/uploads/2022/11/images-2022-11-12T222545.jpg)
Skye Bank, formerly known as Prudent Bank Plc, was founded in 1989 and has expanded its activities throughout Nigeria through 260 subsidiaries. Currently, the bank has 3.9 billion in total assets and has expanded its Nigerian clientele.
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