THE Central Bank of Nigeria (CBN) has published a list of authorised Deposit Money Banks operating in the country.
The list, which provides insights into Nigeria’s banking landscape, was made public yesterday via the CBN’s official website.
Internationally authorised banks include Access Bank Limited, Fidelity Bank Plc, First City Monument Bank Limited, First Bank Nigeria Limited, Guaranty Trust Bank Limited, United Bank of Africa Plc, and Zenith Bank Plc.
Commercial banks with national authorization include Citibank Nigeria Limited, Ecobank Nigeria Limited, Heritage Bank Plc, Globus Bank Limited, Keystone Bank Limited, Polaris Bank Limited, Stanbic IBTC Bank Limited, Standard Chartered Bank Limited, Sterling Bank Limited, Titan Trust Bank Limited, Union Bank of Nigeria Plc, Unity Bank Plc, Wema Bank Plc, Optimus Bank Limited and Premium Trust Bank Limited.
Commercial banks with regional licences include Providus Bank Limited, Parallex Bank Limited, Suntrust Bank Nigeria Limited, and Signature Bank Limited.
Jaiz Bank Plc, Taj Bank Limited, Lotus Bank Limited, and Alternative Bank Limited are national-authorized non-interest banks.
Coronation Merchant Bank Limited, FBN Merchant Bank Limited, FSDH Merchant Bank Limited, Greenwich Merchant Bank Limited, Nova Merchant Bank Limited, and Rand Merchant Bank Limited are the top merchant banking institutions listed.
The listed financial holding businesses were Access Holdings Plc, FBN Holdings Plc, FCMB Group Plc, FSDH Holding Company Limited, Guaranty Trust Holding Company Plc, Stanbic IBTC Holdings Plc, and Sterling Financial Holdings Limited.
The Mauritius Commercial Bank Representative Office (Nigeria) Limited was identified as the only representative office.
