There are almost 20 banks recognized by the Central Bank of Nigeria. Over the years, these banks have engaged in various financial transactions with numerous happy returns.
These banks have made amazing profits over the years while offering financial services in the country. The gains have been great; however, some top banks sit at the top as the richest banks in Nigeria, ahead of the others.
Do you wish to know about some of the richest banks in Nigeria and some important information about them? You made it to the right article. In this post, I will be going into detail about everything you need to know about Nigeria’s top 10 richest banks.
Top 10 Richest Banks In Nigeria
There are many banks in Nigeria, and they offer financial services in various capacities in the country, depending on their specialization. It shouldn’t be surprising that these banks earn very high from their business in the country.
Below are the top 10 richest banks in Nigeria and some of the things you need to know about them:
1. Eco Bank
Eco Bank is recognized as one of Nigeria’s richest and top leading banks. The bank was established in 1985, and the aim of creating the bank was to retain tolerable economic growth in the regions where it was created. With a total asset of 9.430 trillion nairas, Eco bank is the richest bank in Nigeria.
2. Access Bank
Access Bank is one of the richest and most influential banks in Nigeria. The bank was previously known as Intercontinental Institutions. It was fully authorized by the Central Bank of Nigeria in 1988.
It became a private commercial bank in 1989. The bank is owned by Access Bank Group. With a total asset of 9.05 trillion naira, Access Bank is the second richest bank in Nigeria.
3. Zenith Bank
Zenith Bank Is one of the richest and most influential banks in Nigeria. The bank was established on May 1990 and is fully licensed by the CBN. With a total asset of 8.68 trillion naira, Zenith Bank is the third richest bank In Nigeria.
4. United Bank for Africa (UBA)
UBA is one of the richest and top leading banks in Nigeria. The bank is fully licensed by the CBN, and it is equally one of the oldest banks in Nigeria. With a total asset of 7.89 trillion naira, UBA is the fourth richest bank in Nigeria.
5. First Bank PLC
First Bank is one of the most popular and influential banks in Nigeria. The bank is authorized by the CBN. The bank was founded in 1894. With a total asset of 7.84 trillion, the First bank is the fifth richest bank in Nigeria.
6. Guaranty Trust Bank (GTB)
GTB is one of the richest and most popular banks in Nigeria. The bank is fully recognized by the CBN. With a total asset of 4.99 trillion naira, GTB is the sixth richest bank in Nigeria.
7. Stanbic IBTC Bank
Stanbic IBTC bank is one of Nigeria’s richest and most influential banks. With a total asset of 2.9 trillion, Stanbic Bank is the seventh richest bank in Nigeria.
8. Fidelity Bank PLC
Fidelity bank is one of the richest and most popular banks in Nigeria. It has a total asset of 2.89 trillion naira, making it the eighth richest bank in Nigeria.
9. Union Bank PLC
Union Bank PLC is one of Nigeria’s richest and most influential banks. Union Bank has a total asset of 2.16 trillion naira, making it the ninth richest bank in Nigeria.
10. First City Monument Bank (FCMB)
First City Monument Bank is one of Nigeria’s richest and most influential banks. It has a total asset of 2.04 trillion naira, making it the tenth richest bank in the country.