May 8, (THEWILL)- The Central Bank of Nigeria (CBN), has published a comprehensive list of licensed Deposit Money Banks and other financial institutions in Nigeria as of April 26, 2024.
The list, released on the CBN’s official website on Tuesday, is categorised by the types of licenses held by each institution.
1. Banks with International Authorisation
Banks with international authorisation 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.
2. Commercial Banks With National Authorisation
Commercial banks with national authorisation 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, Premium Trust Bank Limited and Optimus Bank Limited.
3. Commercial Banks With Regional Authorization
Commercial banks with regional licences are Providus Bank Limited, Parallex Bank Limited, Suntrust Bank Nigeria Limited and Signature Bank Limited.
4. Non-interest Banking Licence With National Authorisation
With national authorisation, players in the non-interest banking sector include Jaiz Bank Plc, Taj Bank Limited, Lotus Bank Limited and Alternative Bank Limited.
5. Merchant Banking Licence With National Authorisation
In the merchant banking category, the banks listed are 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.
6. Financial Holding Companies
The financial holding companies listed 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.
7. Representative Office
The Mauritius Commercial Bank Representative Office (Nigeria) Limited was listed as the sole representative office.
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