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This is a list of commercial banks and other credit institutions with in Nigeria, as updated late 2024 by the Central Bank of Nigeria. [ 1 ] List of commercial banks
Stanbic IBTC Holdings PLC. came alive as the result of a merger between Stanbic Bank Nigeria Limited and IBTC Chartered Bank Plc. in 2007, then adopting a holding company structure in 2012 to comply with the revised regulatory framework advised by the Central Bank of Nigeria, requiring banks to either divest from non-core banking financial services or adopt a holdings’ company structure.
Access Bank Plc, commonly known as Access Bank, is a Nigerian multinational commercial bank, owned by Access Bank Group. It is licensed by the Central Bank of Nigeria, the national banking regulator. [1] Originally a corporate bank, they expanded into personal and business banking in 2012. Access Bank and Diamond Bank merged on 1 April 2019. In ...
Diamond Bank Plc., was a Nigerian multinational financial service provider. [4] Diamond Bank was acquired by Access Bank in December 2018, and announced to complete the transactions of the merger fully in the first half of 2019. [ 5 ]
The Bank was licensed as Nigeria's first merchant Bank in 1969. Consequent to the indigenisation decree of 1972, the Bank became fully government owned and was managed in partnership with Grindlays Bank Limited, Continental International Finance Company Illinois and American Express Bank Limited between 1974 and 1992. In 1992, the Bank was ...
In 2018, Access Bank Nigeria, which accounts for approximately 75 percent of the groups assets, agreed to merge with Diamond Bank, another Nigerian commercial bank that was struggling to maintain regulatory capital ratios. [8] [9] The transaction required regulatory and shareholder approval from both banks. [10] The merger was completed in ...
Today's UBA emerged from the merger of the dynamic and fast-growing Standard Trust Bank, incorporated in 1990, and UBA, one of the biggest and oldest banks in Nigeria. The merger was consummated on 1 August 2005, and was one of the largest mergers completed on the Nigerian Stock Exchange (NSE).
In January 2024, Yetunde was appointed by the Central Bank of Nigeria as the Managing Director/CEO of Union Bank of Nigeria. Mrs. Oluyinka Abimbola Morgan – Non-Executive Director. Mrs Oluyinka Abimbola Morgan is a versatile and accomplished professional with 39 years of experience in audit, banking, real estate, consulting, and entrepreneurship.