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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
Central bank interest rate (%) Change Effective date of last change Average inflation rate 2017–2021 (%) by WB and IMF [1] [2] as in the List Central bank interest rate minus average inflation rate (2017–2021) Afghanistan: 6.00 3.00: 24 July 2021 [3] 3.38 2.62 Albania: 2.75 0.25: 6 November 2024 [4] 1.78 0.97 Algeria: 3.00 0.25: 29 April ...
Has now been changed to Polaris Bank P A Spring Bank: Financials Banks Lagos: 2004 Bank, defunct 2011 P D Sterling Bank: Financials Banks Lagos: 1960 Bank P A The Tide: Consumer services Publishing Port Harcourt: 1971 State-owned newspaper S A Transmission Company of Nigeria: Utilities Electricity transmission Abuja: 2005 Power S A
The banking industry in Nigeria started during the colonial era with the establishment of Colonial Banks, with the primary aim of meeting the commercial needs of the Colonial Government. [1] The banking system in Nigeria is regulated through the Central Bank of Nigeria. This apex bank started operation on July 1, 1959. [2]
MTN Group Nigeria Multi-Links Purchased by Helios in 2011; at this time, Multi-Links had a terrestrial fibre optic network spanning 8,232 km in Nigeria. [54] [55] [56] NITEL: Orange S.A. [23] Phase3 Telecom: In 2011, Phase3 were building the West Africa One network, an aerial optic fibre transmission system which runs from Nigeria to Benin and ...
Central Bank of Nigeria [17] Access Bank Group; Bank of Agriculture; Bank of Industry; First Bank of Nigeria; First City Monument Bank; Keystone Bank Limited; Sterling Bank (Nigeria) Union Bank of Nigeria; United Bank for Africa
First Bank of Nigeria is a multinational bank and financial services company with headquarters in Lagos, Nigeria. [1] First Bank was founded in 1894, by Sir Alfred Jones, but is currently owned by First HoldCo PLC, which in itself has diversified ownership with over 1.3 million shareholders.
2015 Best Internet bank: Nigerian Banking Tech Awards 2015: Best Technology bank: Nigerian Banking Tech Awards 2022: Most outstanding young commercial bank in Nigeria: Marketing Edge Awards and Summit [5] 2022: Challenger Bank of the Year: BusinessDay Banks and Other Financial Institutions Awards [6] 2023: Most Innovative Bank 2022: Champion ...