Which bank is No 1 in Nigeria 2023? (2024)

Which bank is No 1 in Nigeria 2023?

FULL LIST: UBA, Fidelity, Zenith Among Nigeria's Top 10 Most Capitalised Banks In Q3 2023. A recent analysis of bank performance reveals that Fidelity Bank, Zenith Bank, and Access Holdings have secured the top spots in terms of capitalization as of the third quarter (Q3) of 2023.

What are the top 3 banks in Nigeria 2023?

FULL LIST: UBA, Fidelity, Zenith Among Nigeria's Top 10 Most Capitalised Banks In Q3 2023. A recent analysis of bank performance reveals that Fidelity Bank, Zenith Bank, and Access Holdings have secured the top spots in terms of capitalization as of the third quarter (Q3) of 2023.

What is the most successful bank in Nigeria?

As of 2022, Zenith Bank and United Bank of Africa (UBA), operating in the Nigerian banking market, registered profits reaching 500 million U.S. dollars and 380 million U.S. dollars, respectively. This made them the leading banks in the country in terms of profit.

Which bank is Tier 1 in Nigeria?

In 2022, Zenith Bank was the leading banking service provider in Nigeria in terms of tier 1 capital, as the latter reached an approximate value of 2.58 billion U.S. dollars. The financial institution was also the leading bank in West Africa with respect to its capital.

Which bank is richest in Nigeria?

According to BusinessDay's findings, Access Bank top the list with total assets of N15 trillion, followed closely by Ecobank with total assets of N13. 37 trillion and Zenith Bank with total assets of N12. 29 trillion as of December 2022.

Which is the safest bank in Nigeria?

Lagos, Nigeria – July 17, 2023: Guaranty Trust Bank Ltd (“Guaranty Trust” or “the Bank”) has been named Best Bank in Nigeria at the Euromoney Awards for Excellence 2023. This marks a record 12th time that Guaranty Trust Bank has been recognised as the leading financial institution in Nigeria.

Which is the strongest bank in Nigeria 2023?

Topping the chart for the first time is UBA, with an extraordinary 437.7% profit growth, making it the most profitable bank in Nigeria for the first half of 2023. UBA has led not just in absolute profits but also in profitability growth.

Which bank has the lowest charges in Nigeria?

Applicable rates for each of the DMBs as of April 9, 2021, showed that Stanbic IBTC Bank charged the lowest rate on loans at 4 percent, followed by GTBank, Polaris Bank, and Unity Bank at 5 percent each, Fidelity Bank 6 percent, Rand Merchant Bank 6.08 percent, FBN Merchant Bank and UBA 7 percent each, Coronation ...

Which banks are Tier 2 in Nigeria?

After surveying the listed tier-two banks on NGX, BusinessDay's analysis showed Stanbic IBTC, Ecobank, Union, Fidelity, FCMB, Wema, Sterling, and Unity as the banks with the highest market value from January 7, 2022, to January 12, 2023. The tier two banking sector market capitalisation increased to N1.

Who is the richest man in Nigeria?


Dangote, valued at $14.3 billion, is the richest person in Nigeria and Africa. The billionaire who has held the position since 2012 is ranked 132 in the world.

Which bank produce money in Nigeria?

Section 2b and Section 17 of the CBN act gives the CBN the sole right to issue currency notes and coins throughout Nigeria and neither the Federal Government nor any state Government, Local Government, other person or authority shall issue currency notes, banknotes or coins or any document or token payable to bearer on ...

Which is the fastest growing bank in Nigeria?

In a statement made available to The PUNCH, the management of BAFI Awards noted that Premium Trust which commenced operations in April 2022, received 'Nigeria's Fastest Growing Bank 2022' award in recognition of its record-breaking feat, opening seven major branches within its first five months with verifiable month-on ...

Which banks are too big to fail in Nigeria?

These Nigerian banks are First Bank of Nigeria, FBN, Union Bank of Nigeria, UBN; Bank Intercontinental; Access Bank; Platinum Habbib Bank; Bank PHB and the United Bank for Africa, UBA. Others are Guaranty Trust Bank, GTB; Zenith Bank and Oceanic Bank.

Which bank is the popular bank in Nigeria?

As of 2023, Nigeria's Access Bank had assets reaching approximately 33.4 billion U.S. dollars. Other leading banking service providers in the country, namely Zenith Bank and United Bank for Africa (UBA), registered assets adding up to 27.4 billion U.S. dollars and 24.3 billion U.S. dollars, respectively.

Which is the oldest bank in Nigeria?

First Bank of Nigeria Limited (“FirstBank”), established in 1894, is the premier Bank in West Africa, Nigeria's number one bank brand and the leading financial services solutions provider in Nigeria. The Bank was founded by Sir Alfred Jones, a shipping magnate from Liverpool, England.

Which are the 20 failed bank in Nigeria?

He gave the names of the affected banks as Liberty Bank, City Express Bank, Assurance Batik, Century Bank, Allied Bank, Financial Merchant Bank, Icon Merchant Bank, Progress Bank, Merchant Bank of Africa (MBA), Premier Commercial Bank, North South Bank and Prime Merchant Bank.

Which bank is the best in Africa?

South Africa's Capitec Bank is the crowned the best-performing bank for the third consecutive year. While net profits dipped by 6.9% in 2022, the lender easily tops the table for profitability, with the highest return on assets ratio (5.06%) among the top 20 and third highest among the top 100.

What is the richest bank in Africa?

South Africa's Standard Bank Group was the largest bank in Africa as of 2022, with total assets worth nearly 170 billion U.S. dollars. Operating in 20 countries on the continent, the bank group also led the African banking sector by tier 1 capital.

Which state in Nigeria has the most banks?

As of 2021, Lagos state has the highest number of bank branches in Nigeria, with a total of 1,387 branches. This is significantly higher than the combined number of branches in other states such as FCT, Rivers, Oyo, Anambra, Delta, and Enugu.

Which bank is the best and trusted in Nigeria?

Zenith Bank

In 2021, it was recognised as the Best Commercial Bank in Nigeria at the World Finance Banking Awards. Zenith Bank has a variety of business bank account options, but SME-Grow My Biz Account is the best offering for small and medium-sized businesses.

What is the name of three good bank in Nigeria?

This is a list of Commercial banks with National Authorization in Nigeria, arranged alphabetically: Citibank Nigeria Limited. Ecobank Nigeria. Heritage Bank Plc.

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