TOP 10 BEST BANKS IN NIGERIA

Are you thinking of opening a bank account but want to learn more about the best banks available to render their services to you in Nigeria? Or are you just hungry for information and you are seeking for a particular service.

Well, you can calm your nerves cause you are at your final checkpoint. Today i would be giving a full rundown of the top 10 banks in Nigeria. I’ll also be giving my own opinion and also that of customers around the world. So lets get down to business, here is the list for the top 10 banks in Nigeria.

1. FIRST BANK NIGERIA PLC

Just as the name implies, Firstbank is the top on the list, not only because of their first class service but because they are one of the oldest in the game. First bank was founded in 1894 by Sir Alfred Jones, a business tycoon from Liverpool, England.

With over 125 years of consistent operation, Firstbank has attracted large bundle of award and recognition. They remain one of the largest bank in Nigeria with more than 16,000 official staffs.

Ever since firstbank was launched they have indeed proven their dynamism and unique superiority to other competitions. Although most people tend to be discouraged by their ever growing population and bank queue but to me that is a small prize to pay for the exceptional service being rendered.

2. ZENITH BANK

Zenith Bank steals the number 2 position for me, founded in May 1990 by Jim Ovia. As at 2019, Zenith Bank held an estimate of 16.1 billion USD, with shareholder’s equity of about 854 million USD.

Zenith bank plc has established over 500 branches and counting all over the country in various state. indeed a bank with strong vision and enormous potential considering their growth so far.

A bank with a combination of vision, expertise and professionalism and therefore are ranked in the number 2 position.

3. ACCESS BANK

Founded in 1989, Access bank ranks 3rd in our list today, having over 23,000 staffs around the world in their numerous amount of branches. Access bank holds a higher position because of the numerous feet archived ranging from assets, loans and branch network.

In April 2019, Diamond Bank merged with Access Bank to build a new entity while retaining the name of Access Bank with a logo that took the form of Diamond Bank. Access Bank became one of the largest bank in Nigeria.

Access Bank of Nigeria received its Universal Banking License from the Central Bank of Nigeria on February 5, 2001. A license which helped in securing the confidence and trust of so many investors.

4. GUARANTY TRUST BANK

Founded January 19, 1990. Guaranty Trust bank takes the 4th place in the list of top 10 banks in Nigeria, Founded by Tayo Aderinokun and Fola Adeola the serial business entrepreneur and mogul.

Guaranty trust bank has made a name in the Nigeria banking system with over 10,000 current employee worldwide, with over 4000 trillion Naira assets fund and a shareholder’s fund of about 661 billion Naira. Indeed a bank worthy of the name “TRUST”.

5. UNITED BANK OF AFRICA (UBA)

Founded in 1948, Uba is a vast growing bank with subsidiaries all over the world, such as London, Paris, New york and also Senegal. UBA has show enormous feet mere looking at their growth overtime with one of the highest amount of employee which is about 20,00 and counting.

UBA was founded by a prestigious and noble Nigerian by the name Tony Elumelu the founder of the Tony Elumelu foundation, a well known entrepreneur and philanthropist.

6. ECO BANK

Founded in 1985 by Chief Philip Asiodu, is a leading bank with operation in over 36 African country. Basically there isn’t much to talk on this bank but indeed they are reliable and efficient in their endeavors. Most military servant or civil servants makes use of this bank for salaries.

7. UNION BANK

Union bank takes the number 7 position, founded in 1917, Union bank remain one of the biggest bank in West African. In July 2009, it was appraised as the 556th biggest bank in the world and the fourteenth biggest bank in Africa.

Which is why they remain one of Nigeria’s most respected and long standing financial institution with an estimate of about 10,000 employees around the world. This bank is recommended for civil servants.

8. FIDELITY BANK

Also known as Fidelity Bank Plc, Founded in 1988 standing firmly with over 5 million customers who are serviced via over 250 bank branches spread around the country. With a company size of about 10,00 employees and total assets of about 1.7 trillion Naira,

Reliable and professional i might add , securing the number 8 spot on the top 10 banks in Nigeria.

9. STERLING BANK

Sterling Bank was founded in the year 1960, although not as big and well established like the other banks on this list but. They secure the number 9 spot for their reliability and dependability.

Having about 180 branches around Nigeria, In over 60 years of operations, Sterling Bank has evolved from the nation’s pre-eminent investment banking institution to a fully-fledged commercial bank.

10. STANBIC IBTC BANK

One of the youngest on the list but has pulled quickly to the top ranks, Founded in 1989 by Atedo Peterside. Stanbic IBTC offer all clients a wide range of personal and commercial banking products through over 180 branches spread across every state in Nigeria.

Standard Bank is one of the best banks in Nigeria through assets and earnings activities in 20 African nations and 13 nations outside Africa. This fast-growing Nigerian bank, known for its strong wealth and pension management system, currently has a market value of about N518.93 billion.

CONCLUSION

Well, there you have it, a well analyzed list of the top 10 banks in Nigeria, lets have a quick recap

1. FIRST BANK
2. ZENITH BANK
3. ACCESS BANK
4. GT BANK
5. UBA
6. ECO BANK
7. UNION BANK
8. FIDELITY BANK
9. STERLING BANK
10. STANBIC IBTC

These are the best of the best in Nigeria, not undermining any other bank. Indeed there are other superb banks in Nigeria but this is our own rank. Nevertheless, please note that each bank has its own unique quality or might I say a unique need to satisfy for a customer.

I hope you found this article helpful, if you did, you can also check out the top 10 fintech companies in Nigeria.

Thank you for reading.