Nigeria is a country that has been growing at a fast pace and with this, its economy has also been growing at an exponential rate. This makes it an attractive market for financial institutions from all over the world.
The banking industry in Nigeria is one of the most dynamic and challenging sectors in the country. It has been on the rise, with more banks opening up across the country.
In Nigeria, many institutions offer financial services to their customers. However, most consumers struggle to choose their bank.
This is where this article comes into play. It will introduce you to some of the best banks in Nigeria (in no particular order), which will help you know what they have to offer and how they can be a good choice for your financial needs.
1. Guarantee Trust Bank:
Gtbank Nigeria is a Nigerian bank licensed by the Central Bank of Nigeria.
While Gtbank Nigeria has been in existence since 1990, it was not until 2008 that it became the first Nigerian bank to be listed on the London Stock Exchange.
The bank is headquartered in Lagos and has branches across Nigeria in order to provide financial services to the masses.
Guaranty Trust Bank is one of the best banks in Nigeria because it offers a wide range of financial products and services to its customers. It has been able to create a niche for itself by providing loans, savings accounts, and insurance policies.
2. Zenith Bank:
Zenith Bank Nigeria is a financial institution in Nigeria. Similarly to GTB, It was established in 1990 and has grown to become one of the top banks in the country. Zenith Bank provides financial services to its customers across the country, including loans, savings, mortgages, and other banking products.
It is one of the best banks in Nigeria today, thus becoming an important part of Nigerian society.
3. United Bank for Africa:
United Bank for Africa is a major bank in Nigeria providing financial services to the people of the country.
The United Bank for Africa is a leading provider of financial services in Nigeria. It offers affordable loans, insurance, and other products that can help its customers. The bank has been providing financial services to Nigerians for over 74 years now.
4. Access Bank:
Access Bank is one of the fastest-growing banks in Nigeria. It has over 28,000 employees and over 600 branches.
The bank offers a range of banking products and services, such as personal banking services, corporate banking services, investment banking, insurance, and pension products, internet banking, mobile banking, and telephone banking.
5. First Bank of Nigeria:
Headquartered in Lagos, First Bank of Nigeria operates through four major Business Units: Retail Banking, Commercial Banking, Corporate Banking, and Public Sector Banking. Established in 1894, FirstBank became a public company in 1970 by joining the Nigerian Stock Exchange in 1971.
The bank oversees subsidiaries in West African countries and the UK, as well as representative offices in Abu Dhabi, Beijing, and Johannesburg. The organization employs 8,300 people and has 818 branches with 3100 ATMs