Nigeria: CBN Releases Record of Licensed Deposit Cash Banks in Nigeria

The Central Financial institution of Nigeria (CBN) has printed a complete listing of licensed Deposit Cash Banks working throughout the nation, offering beneficial insights into Nigeria’s dynamic banking sector.

The listing, launched on the CBN’s official web site on Tuesday, is

categorised by the sorts of licenses held by every establishment.

LEADERSHIP offers a breakdown of the Nigerian banking panorama as launched by the apex financial institution beneath:

1. Banks with Worldwide Authorisation:

– Entry Financial institution Restricted

– Constancy Financial institution Plc

– First Metropolis Monument Financial institution Restricted

– First Financial institution Nigeria Restricted

– Warranty Belief Financial institution Restricted

– United Financial institution for Africa Plc

– Zenith Financial institution Plc

These banks function past Nigeria’s borders thereby showcasing the worldwide attain of the nation’s monetary sector.

2. Banks with Nationwide Authorisation:

– Citibank Nigeria Restricted

– Ecobank Nigeria Restricted

– Heritage Financial institution Plc

– Globus Financial institution Restricted

– Keystone Financial institution Restricted

– Polaris Financial institution Restricted

– Stanbic IBTC Financial institution Restricted

– Commonplace Chartered Financial institution Restricted

– Sterling Financial institution Restricted

– Titan Belief Financial institution Restricted

– Union Financial institution of Nigeria Plc

– Unity Financial institution Plc

– Wema Financial institution Plc

– Premium Belief Financial institution Restricted

– Optimus Financial institution Restricted

Banks on this class are authorised to supply banking companies nationwide.

3. Banks with Regional Licenses:

– Providus Financial institution Restricted

– Parallex Financial institution Restricted

– Suntrust Financial institution Nigeria Restricted

– Signature Financial institution Restricted

Regional banks provide companies inside particular areas of Nigeria.

4. Non-Curiosity Banks with Nationwide Authorisation:

– Jaiz Financial institution Plc

– Taj Financial institution Restricted

– Lotus Financial institution Restricted

– Various Financial institution Restricted

These banks present non-interest banking companies, catering to the

numerous wants of consumers.

5. Service provider Banks:

– Coronation Service provider Financial institution Restricted

– FBN Service provider Financial institution Restricted

– FSDH Service provider Financial institution Restricted

– Greenwich Service provider Financial institution Restricted

– Nova Service provider Financial institution Restricted

– Rand Service provider Financial institution Restricted

Service provider banks concentrate on funding banking and associated companies.

6. Monetary Holding Corporations:

– Entry Holdings Plc

– FBN Holdings Plc

– FCMB Group Plc

– FSDH Holding Firm Restricted

– Warranty Belief Holding Firm Plc

– Stanbic IBTC Holdings Plc

– Sterling Monetary Holdings Restricted

These corporations management a number of monetary subsidiaries, increasing their affect throughout varied monetary companies.

7. Consultant Workplace:

– The Mauritius Industrial Financial institution Consultant Workplace (Nigeria) Restricted

The only real consultant workplace gives a liaison level for The Mauritius Industrial Financial institution.