Top 10 Best Banks in Nigeria (2024). In This Article, You Will Discover The Top 10 Best Banks in Nigeria (2024).
Best Banks in Nigeria, Are you looking for the best banks to operate with here in Nigeria? Do you have any specific bank in mind and you want to know if it makes it to the top 10 on our list?
Well, without further ado, let’s get into it! We are going to be discussing these best banks right away.
Best Banks in Nigeria
A variety of financial services are provided by commercial banks in Nigeria, such as credit cards, loans, mortgages, retail banking, mobile banking, and checks. These banks assist small and medium-sized enterprises, as well as large corporations and governmental bodies, by providing funding, loans, and financial advice that are essential for the expansion of the Nigerian economy.
The top ten financial institutions, as determined by customer service, financial stability, and dependability, are all in this article.
Read also: Wema Bank Customer Care, Contact, Whatsapp Number, Email Address
Best Bank in Nigeria
1. Access Bank
Access Bank, works with clients to help them choose the best financial plan for long-term growth and stability. The institution serves more than 49 million customers who span across three continents through a network of more than 600 branches and service locations.
The institution has become one of Nigeria’s largest lenders as a result of the explosive growth of its assets. This institution has given people, companies, and enterprises throughout Nigeria steady economic growth over the years. It has accomplished this by continuously providing client-centered solutions via a range of personal banking services and products.
2. First Bank
Among Nigeria’s wealthiest banks is First Bank of Nigeria. As a leading financial institution in Africa, the bank has effectively established a global reputation. At the moment, it’s among Nigeria’s largest banks.
With 13 million clients spread all through West Africa, the institution is ranked highly among the top 5 banks in Nigeria for new account openings by 2024. The first institution ‘s smartphone app, which has aided over 6 million users in managing their financial transactions online, won the African Innovative product of the year award from African Leadership Magazine Awards in 2021.
3. Zenith Bank
In 1990, Zenith Bank began operations, becoming one of the most significant banks in Nigeria. With regard to its capital base and profitability, the institution currently ranks in the top 5 institution in Nigeria. It’s received numerous accolades, commendations, and high ratings both domestically and globally for its remarkable growth.
Together with numerous subsidiaries in the UK, UAE, Ghana, Sierra Leone, and the Gambia, Zenith Bank boasts more than 500 branch offices throughout Nigeria. In order to make banking simpler for its clients, it was also among the first Nigerian banks to encourage the use of digital banking for financial transactions.
4. United Bank of Africa
One of the most high-tech financial institutions in Sub-Saharan Africa is United Bank of Africa. For micro, small, and medium-sized enterprises in Africa, the bank offers first-rate financial support.
In addition to operating in the United States, the institution is the only pan-African bank licensed to do business in the United Kingdom, France, and the United Arab Emirates.
UBA serves over 27 million clients at this time.
Best Bank App in Nigeria
5. Guarantee Trust Holding company plc
With multiple locations throughout Nigeria, GTCo is one of the top banks in the country as of 2024. For small businesses and students looking to expand and maintain their finances, the bank is the greatest in Nigeria and has an excellent customer service system. Retail, corporate, investment, internet, and asset banking are just a few of the banking services that the institution provides.
In Nigeria, the institution is growing into a popular customer-oriented financial institution.
6. Sterling Bank
Dedicated to providing individuals, small businesses, and large organizations with superior financial solutions, Sterling Bank is a fully fledged national commercial bank.
It is one of the biggest financial institutions in Nigeria, with minimum 1.8 trillion naira in assets. In Nigeria, it is among the best banks.
Read also: Fidelity Bank Customer Care, Contact, Whatsapp Number, Email Address
7. Polaris Bank
With more than 244 branches throughout Nigeria, Polaris Bank is a customer-driven financial services company. Before having its operating license revoked and being renamed as “Polaris Bank,” it was known as Skye Bank until 2018.
Rebranding as a merchant bank, prudent bank plc gave rise to Polaris Bank in 1990. Prudent Bank merged with four other banks to establish Skye Bank in 2006.
Read also: How To Check Access Bank Account Balance (SMS, Email, USSD Code, App)
8.Union Bank
Among the oldest financial institutions in Nigeria is Union. It was first established in 1917 as Colonial Bank, a prestigious financial institution serving both major corporations and small and medium-sized enterprises.
In addition, Union Bank provides a management trainer program (MTP) that trains recent college graduates to become fully qualified employees who can contribute to a variety of financial banking fields.
9. Stanbic IBTC
Customers of Stanbic IBTC can access a variety of personal, business, and commercial banking products and services via its office branches and online portals. The bank’s mission is to meet each customer’s unique financial needs in order to advance financial inclusion in a variety of industry sectors.
Credit and debit cards, pensions, insurance, investments, auto and asset financing, housing loans, small- and medium-sized business loans, and personal loans are all provided by Stanbic IBTC to both individuals and companies.
10. Fidelity Bank
At first, Fidelity Bank Plc operated as a merchant bank in Nigeria. Nevertheless, it changed its status to commercial bank in 1999, and in 2001 it was granted universal banking. The bank’s 2005 merger with the former FSB International Plc and Manny Bank made it one of Nigeria’s biggest banks at the moment.
Fidelity is a trustworthy bank to save your money, operating in over 250 branch locations, 750+ ATMs, 4300+ point-of-sale terminals, and other digital banking channels spread throughout Nigeria.
Best Bank for Online Transaction in Nigeria
Top 5 Best Banks 2023
- Zenith Bank Plc 1,920.00 billion
- United Bank for Africa Plc: N1,778.79 billion
- Access Holdings Plc: N1,640.50 billion
- First Bank Holdings Plc:** N1,370.75 billion
- Ecobank Transnational Incorporated: N1,373.85 billion
3 Best Banks in Nigeria
- Zenith Bank Plc 1,920.00 billion
- United Bank for Africa Plc: N1,778.79 billion
- Access Holdings Plc: N1,640.50 billion
Best Bank Loan
- Aella
- Carbon
- FairMoney
- Fast Credit
- Zenith
- Zenith
- Access
Best Banking App
- Kuda Bank
- First Bank
- ALAT
Read also: How To Generate Zenith Bank Token Using USSD
FAQs About Top 10 Best Banks in Nigeria (2024)
1. Which is the best bank in Nigeria in 2023?
The Euromoney Awards for Excellence 2023 have named Zenith Bank Plc the “Best Bank for Digital Solutions in Nigeria.” The recognition highlights the bank’s exceptional and innovative accomplishments in providing state-of-the-art digital financial solutions.
2. What are the five biggest banks in Nigeria?
3. Which bank is the safest in Nigeria?
4. Which bank is No 1 in Nigeria?</h3>
5. Who is the richest bank in Nigeria?</h3>
- FCMB (First City Monument Bank)
- Stanbic IBTC.
- Fidelity Bank. .
- GTB (Guaranty Trust Bank)
- UBA (United Bank for Africa)
- First Bank of Nigeria Holdings)
- Zenith Bank.
- Access Bank.
Conclusion
The above are the ten best banks here in Nigeria. You can choose to open a account with any of them anytime, any day. These banks have been in existence over the years and are reputable for excellent service.
We really hope this article was helpful to you? Do stay tuned to our site for more updates like this one!
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- Wema Bank Customer Care, Contact, Whatsapp Number, Email Address
- How To Generate Zenith Bank Token Using USSD
- How To Check Access Bank Account Balance (SMS, Email, USSD Code, App)
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