15 Top Best Banks in Nigeria | Updated

Top Best Banks In Nigeria 
Top Best Banks in Nigeria 

Many best banks in Nigeria compete to offer their clients outstanding services in Nigeria, a nation renowned for its thriving economy and expanding financial industry. 

Finding the finest banking institutions to suit their varied needs is becoming more and more crucial for both individuals and corporations as the financial landscape changes. 

We will explore the vibrant Nigerian banking industry in this piece and provide a detailed evaluation of the top 15 banks in the country. 

Knowing the advantages and disadvantages of these top banks is essential for making wise choices in the cutthroat financial industry of today. 

Whether you are a consumer seeking dependable financial services or a prospective investor seeking stability and growth chances, this information is vital.

15 Top Best Banks in Nigeria 

Here are the 15 best banks in Nigeria:

1. Zenith Bank

MD: Ebenezer Onyeagwu

First on our list of best banks in Nigeria is Zenith Bank. Renowned for its strong corporate governance, inventive solutions, and comprehensive banking services, Zenith Bank is a prominent financial institution in Nigeria. It has made a name for itself as a trailblazer in the banking sector of Nigeria.

The bank has an excellent track record of profitability, stability, and asset management, and it has continuously shown strong financial performance. It is now regarded as one of the best banks in the nation because of its stability.

Zenith Bank prioritizes customer satisfaction by providing an extensive array of banking products and services specifically designed to cater to the varied demands of its clientele. Its customer-focused philosophy has helped it build a reputation for dependability and superior service.

The bank has led innovation in Nigeria’s banking industry, utilizing state-of-the-art technology to improve its operations. It has made large investments in digital banking systems, offering users of web and mobile platforms easy and effective banking experiences.

Recognizing its exceptional financial success, inventiveness, and contribution to the Nigerian economy, Zenith Bank was named “Bank of the Year” by respectable international financial journals, among other honors and distinctions, over the years.

Read ALSO: 15 Best Investment Banks In Nigeria

2. Guaranty Trust Bank (GTBank)

MD: Segun Agbaje

Leading Nigerian bank GTBank is renowned for its outstanding financial offerings, creative use of technology, and dedication to client happiness. It has established a reputation as a progressive organization in the Nigerian banking sector.

GTBank has become well-known for its cutting-edge banking solutions, which it offers through technology. It is renowned for creating the first digital banking platforms that give users easy and effective banking experiences.

The bank gives attention to the various demands of its clients as a high priority. To meet the unique needs of its individual, corporate, and business clients, GTBank provides a broad range of financial products and services.

GTBank has continuously shown strong financial performance, sustained profitability, and efficient asset management. Its reputation as one of Nigeria’s top banks comes from its stability and careful financial management.

GTBank adheres to strict ethical behavior, openness, and corporate governance guidelines. Its credibility and reputation in the Nigerian banking industry have been enhanced by its dedication to upholding these standards.

The bank has received a great deal of recognition on a national and worldwide level. It has received recognition for its inventiveness, financial performance, and contributions to the expansion of the banking sector in Nigeria.

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3. Access Bank

MD: Herbert Wigwe

Next on our list of top best banks in Nigeria is Access Bank. Regarded as a major participant in the Nigerian banking industry, Access Bank is valued for its wide array of financial services, inventiveness, and dedication to sustainability. 

The Bank is a well-known financial organization in Nigeria that offers a wide range of banking services and products. It has made a name for itself as a major force in the banking industry in Africa and Nigeria.

The bank has a track record of launching cutting-edge banking solutions, especially in financial technology and digital banking. Its services are always being updated to give its wide range of customers easy access to banking experiences.

With a focus on financial inclusion, Access Bank seeks to assist populations previously underserved by banking services. Its programs are designed to provide inclusive financial solutions, raise financial literacy, and reach unbanked communities.

The bank is dedicated to corporate social responsibility and sustainability. Access Bank has implemented several programs for social impact, environmental sustainability, and moral business conduct.

Access Bank has been honored with multiple honors and recognitions for its creative practices, financial performance, and contributions to the growth of the banking industry in Nigeria.

4. United Bank for Africa (UBA)

MD: Kennedy Uzoka

Among the best banks in Nigeria is the United Bank for Africa. With a substantial presence in several African nations, UBA is a top pan-African bank. 

It is renowned for providing a wide range of financial services and products that are suited to the requirements of corporate, individual, and commercial clients.

With operations in numerous African nations, UBA has made a name for itself as a significant participant in the continent’s banking market. Because of its wide network, it is a major financial player that makes economic activity and cross-border transactions possible.

The bank has a track record of launching cutting-edge banking solutions, especially in financial technology and digital banking. It continuously updates its offerings to reflect new technological developments, providing its wide range of clients with easy access to banking.

UBA prioritizes financial inclusion, seeking to provide banking services to marginalized populations. It carries out programs to improve financial literacy and offer accessible financial services, which promotes economic empowerment.

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5. First Bank of Nigeria

MD: Gbenga Shobo

A mainstay of the nation’s banking industry, First Bank of Nigeria is renowned for its longevity, breadth of offerings, and economic impact on Nigeria.

Being the oldest and one of the biggest financial organizations in Nigeria, First Bank enjoys a distinguished standing. With a long history that dates back to 1894, it is renowned for having played a crucial part in Nigeria’s banking sector’s growth.

First Bank has made a name for itself in Nigeria’s financial sector by running a vast branch network throughout the nation. Its enduring presence has gained millions of customers’ trust, symbolizing stability and dependability.

The bank serves individuals, companies, and corporate clients with various financial products and services. It offers a range of financial options, such as digital banking services, loans, investment products, and savings accounts.

Despite its lengthy history, First Bank has embraced innovation and technology in its operations. It constantly improves its offerings by incorporating digital technologies to give clients easy-to-use banking experiences.

First Bank regularly participates in CSR programs, funding community development, healthcare, and education activities throughout Nigeria. Its favorable reputation in society results from its dedication to social effect.

6. Fidelity Bank

MD: Nneka Onyeali-Ikpe

Nigerian financial institution Fidelity Bank is well-known for its innovative services, customer-centric philosophy, and dedication to helping small and medium-sized businesses (SMEs).

The bank gives attending to its clients’ financial demands a high priority. It provides various banking products and services to individuals, SMEs, and corporate clients worldwide to deliver individualised and effective financial solutions.

Particularly in the realm of digital banking, Fidelity Bank is renowned for its cutting-edge banking products. It keeps making technological investments to enhance client satisfaction and broaden its channels for service delivery.

7. Union Bank of Nigeria

MD: Emeka Okonkwo

One of Nigeria’s most venerable and well-known financial organisations, Union Bank of Nigeria is renowned for its history, stability, and dedication to providing excellent customer service.

Union Bank has established a solid reputation for stability and dependability in the Nigerian banking industry thanks to its 1917 founding.

To give its clients a flawless banking experience, the bank strongly emphasises providing high-quality customer care. It provides a range of banking products and services to meet the different needs of people and businesses.

To upgrade its offerings and increase consumer accessibility, Union Bank has made large investments in technology and digital banking solutions.

Read Also: List Of Best Loan Companies In Nigeria

8. Stanbic IBTC Bank

MD: Wole Adeniyi

One of the Best Banks in Nigeria is Stanbic IBTC. This is because of its steadfast dedication to quality and client happiness.

With a broad array of cutting-edge financial services and products, the bank has continuously shown that it can accommodate the various demands of people, companies, and organizations around the nation. 

Stanbic IBTC Bank has made a name for itself as a dependable partner for people looking for effective and reliable financial services, offering everything from personal banking to corporate finance solutions.

In addition, the bank has established itself as a leader in the Nigerian banking sector because of its commitment to utilizing technology to facilitate smooth transactions. 

Stanbic IBTC Bank maintains its strong security protocols and continues improving accessibility via user-friendly digital platforms and mobile banking apps. 

Beyond that, the bank stands out regarding ethical business practices and corporate social responsibility due to its proactive approach to sustainable development and community participation. 

9. Sterling Bank

MD: Abubakar Suleiman

Next on our list of best banks in Nigeria is Sterling Bank. Sterling Bank has solidified its position as one of Nigeria’s top banks. 

Its innovative strategy and emphasis on digital transformation have made it a major force in Nigeria’s banking sector. Sterling Bank is redefining Nigeria’s banking experience by offering various innovative products and services that are customized to match the varied demands of its clientele.

Sterling Bank’s commitment to using technology to deliver practical and effective banking solutions is a crucial differentiator. Nigerians’ financial management has been completely transformed by the bank’s user-friendly mobile app and internet platforms, which make transactions simple and hassle-free. 

Furthermore, Sterling Bank’s focus on financial inclusion programs demonstrates its dedication to enabling people and companies in various economic sectors by giving them access to reasonably priced financial services.

10. Ecobank Nigeria

MD: Patrick Akinwuntan

Among the top banks in Nigeria is Ecobank. Ecobank has consistently shown itself to be a leader in providing outstanding banking services by upholding a dedication to quality and putting the needs of its customers first.

Customers’ convenience has been redefined by the bank’s strong digital platform, which offers easy access to essential financial services.

Furthermore, Ecobank’s commitment to improving accessibility for all clients is demonstrated by the breadth of its branch and ATM networks throughout Nigeria. 

The bank deserves praise for its sustainability efforts, which include programs that encourage environmental stewardship and aid in community development. Furthermore, the industry-best mobile banking app from Ecobank provides unmatched dependability and simplicity of use. 

11. Keystone Bank

MD: Olaniran Olayinka

Nigerian financial company Keystone Bank is committed to providing cutting-edge banking products and encouraging client financial inclusion.

The bank is renowned for its cutting-edge banking services and solutions designed to satisfy the changing requirements of corporate, business, and individual customers. It consistently offers fresh approaches to improve the client experience.

Keystone Bank prioritizes customer satisfaction and provides a broad range of financial products and services to meet its clientele’s varied needs. It seeks to offer accessible and easy banking experiences.

Keystone Bank embraces technology and invests in digital banking solutions to offer smooth and effective banking services, increasing client accessibility.

12. Unity Bank

MD: Tomi Somefun

Unity Bank is a financial organization based in Nigeria dedicated to promoting financial inclusion by offering easily accessible banking services, especially in underserved and rural areas.

Reaching out to marginalized populations with banking services is a top priority for Unity Bank. It carries out programs designed to improve financial literacy and offer solutions for inclusive finance.

The bank offers a variety of financial products and services to individuals, SMEs, and corporate clients with an emphasis on providing excellent customer service.

Unity Bank actively engages in rural banking programs to promote agricultural financing and economic empowerment in rural areas.

13. First City Monument Bank (FCMB)

MD: Yemisi Edun

Next on our list of top best banks in Nigeria is FCMB. FCMB is among the greatest banks in Nigeria, providing a vast array of financial services and products to meet the various demands of its clientele.

Furthermore, FCMB has built a solid reputation for providing exceptional customer service, thanks to a committed staff that is always available to help clients with their questions and offer tailored financial advice.

Additionally, FCMB has established itself as a market leader in the provision of practical and safe banking solutions thanks to its significant technological investment.

Its ability to seamlessly merge online and mobile banking platforms demonstrates its progressive approach to satisfying the changing demands of its tech-savvy clientele.

14. Providus Bank 

MD: Walter Akpani

Nigerian financial company Providus Bank offers individualized banking services and financial solutions.

The bank prioritizes providing individualized banking solutions to individuals, small and medium-sized businesses, and corporate customers.

Providus Bank is dedicated to providing cutting-edge banking technologies, such as online banking, to improve accessibility and client experience.

The bank provides various financial services and products, such as digital banking channels, loans, savings accounts, and investment choices.

Providus Bank supports social causes and contributes to the community’s welfare through its involvement in community development programs.

15. Citibank Nigeria

MD: Akin Dawodu

Citibank Nigeria is a division of Citigroup, a multinational financial organization. It is well-known for its corporate solutions and global banking services and operates in Nigeria.

Citibank Nigeria offers corporate and institutional clients a comprehensive range of international banking services. Its areas of expertise include trade solutions, treasury, and corporate and investment banking.

As a member of an international banking group, Citibank Nigeria provides its customers with advanced financial services while adhering to international standards in its banking operations.

Why are these Banks Considered the Best Banks in Nigeria?

For various reasons, these banks are thought to be among the greatest in Nigeria:


They are renowned for bringing cutting-edge banking solutions, particularly in online banking. Thanks to their adaption to technology changes, customers are guaranteed a convenient and efficient banking experience.

Customer service

Customer service is a top priority for these banks, demonstrated by providing a wide range of financial services and products designed to satisfy the needs of individuals, companies, and businesses. Their reputation is enhanced by their dedication to providing excellent customer service.

Financial Inclusion: 

Many banks prioritize giving inclusive financial solutions, increasing financial literacy, and expanding banking services to underprivileged areas. Their initiatives to promote financial inclusion advance society.

Corporate Governance 

By upholding strict corporate governance guidelines, these banks guarantee openness, responsibility, and moral behavior throughout their business. This devotion increases their credibility in the industry.

Engagement with the Community

They actively participate in community development projects, endorsing a range of social issues and enhancing the welfare of nearby communities. Their participation in social responsibility programs further enhances their positive image.

Accolades and Recognitions 

These banks have won various honors and distinctions for their inventiveness, financial performance, and contributions to the Nigerian banking industry. Such acknowledgment demonstrates their superiority in the field.

Which is the number 1 bank in Nigeria and why

According to Tier-1 Capital, Zenith Bank Plc is the top bank in Nigeria in The Banker Magazine’s 2021 Top 1000 World Banks Ranking. 

The bank emerged as the 454th bank globally and the only Nigerian bank in the top 500, maintaining its position as the top Tier-1 bank in Nigeria for the third year in a row with a Tier-1 Capital of $2.64 billion.

In the 2023 Top 1000 World Banks Ranking, Zenith Bank has maintained its position as Nigeria’s top bank based on tier-1 capital for 14 years.

Read Also: Top 13 Accounting Firms in Nigeria

FAQs About Top Best Banks in Nigeria 

Which bank offers the best interest rates on savings accounts?

Access Bank and Stanbic IBTC Bank are known for offering competitive interest rates on savings accounts.

Can I open a corporate account with any of these top banks in Nigeria?

Yes, most of the top banks in Nigeria offer corporate banking services to businesses.

Are there any banks that provide special benefits for students?

Yes, Guaranty Trust Bank (GTBank) and Zenith Bank have tailored services and benefits for students.

Do any of these top banks offer Islamic banking services?

 Yes, Sterling Bank and Jaiz Bank are known for providing Islamic banking products and services.


There are many different banking options available in Nigeria, each with its own set of advantages and services for clients. This article’s top 15 banks have proven to have solid financial results, excellent customer support, and cutting-edge digital banking options. 

These top banks provide a wide selection of goods to match your specific needs, whether you are an individual looking for personal banking services or a business owner in need of corporate banking solutions. 

These leading banks are in a good position to have a significant impact on how Nigeria’s economy develops and grows in the future. 

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