The Central Bank of Nigeria (CBN) has unveiled an extensive catalog of licensed Deposit Money Banks (DMBs) operating across the nation. The disclosure, released on the CBN’s official website on Tuesday, offers an overview of Nigeria’s banking sector.
Among the banks with international authorization are 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.
Meanwhile, commercial banks authorized on a national scale 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.
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In addition, commercial banks with regional licenses encompass Providus Bank Limited, Parallex Bank Limited, Suntrust Bank Nigeria Limited, and Signature Bank Limited.
Among the players in the non-interest banking sector holding national authorization are Jaiz Bank Plc, Taj Bank Limited, Lotus Bank Limited, and Alternative Bank Limited.
The merchant banking category features 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, as listed by the apex bank.
Furthermore, the financial holding companies listed include 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.
Lastly, the Mauritius Commercial Bank Representative Office (Nigeria) Limited stands as the sole representative office listed in the disclosure.
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