Top 20 banks in Nigeria

Top 20 banks in Nigeria

Nigeria, as the most populous country in Africa, has a large and diverse banking sector. With over 20 commercial banks operating in the country, it can be challenging to determine which ones are the best for your financial needs.

Top 20 banks in Nigeria

In this blog post, we’ll take a closer look at the top 20 banks in Nigeria, based on various factors such as customer service, financial stability, and asset base.

1. Zenith Bank: With a robust online banking platform and a reputation for excellent customer service, Zenith Bank is undoubtedly one of the top banks in Nigeria. The bank has a strong balance sheet and consistently ranks among the most profitable banks in the country.
2. Guaranty Trust Bank (GTBank): GTBank is known for its innovative products and services, such as its mobile banking app and USSD codes. The bank has a strong presence in the retail banking space and is also a leader in the corporate banking sector.
3. Access Bank: Access Bank has grown significantly in recent years, thanks to a series of successful mergers and acquisitions. The bank has a large retail banking business and has also made a name for itself in the digital banking space.
4. First Bank of Nigeria: First Bank of Nigeria is one of the oldest banks in the country, having been founded in 1894. The bank has a large branch network and is known for its excellent customer service.
5. United Bank for Africa (UBA): UBA is one of the largest banks in Nigeria, with a presence in 20 African countries. The bank offers a wide range of financial products and services, including retail banking, corporate banking, and investment banking.
6. Ecobank Nigeria: Ecobank is a pan-African bank with operations in over 30 countries. The bank has a strong presence in Nigeria and is known for its excellent customer service and innovative products.
7. Fidelity Bank: Fidelity Bank is a fast-growing bank that has carved out a niche in the retail banking sector. The bank is known for its innovative digital products and services, such as its mobile banking app and USSD codes.
8. Union Bank of Nigeria: Union Bank of Nigeria is one of the oldest banks in the country, having been founded in 1917. The bank has a large branch network and is known for its excellent customer service.
9. Stanbic IBTC Bank: Stanbic IBTC Bank is a subsidiary of Standard Bank Group, a leading African financial services organization. The bank has a large corporate banking business and is also known for its excellent customer service.
10. Diamond Bank: Diamond Bank is a fast-growing bank that has carved out a niche in the retail banking sector. The bank is known for its innovative digital products and services, such as its mobile banking app and USSD codes.
11. Sterling Bank: Sterling Bank is a fast-growing bank that has carved out a niche in the retail banking sector. The bank is known for its innovative digital products and services, such as its mobile banking app and USSD codes.
12. Wema Bank: Wema Bank is a fast-growing bank that has carved out a niche in the retail banking sector. The bank is known for its innovative digital products and services, such as its mobile banking app and USSD codes.
13. Keystone Bank: Keystone Bank is a fast-growing bank that has carved out a niche in the retail banking sector. The bank is known for its innovative digital products and services, such as its mobile banking app and USSD codes.
14. SunTrust Bank Nigeria: SunTrust Bank Nigeria is a relatively new bank that was founded in 2016. The bank is known for its innovative digital products and services, such as its mobile banking app and USSD codes.
15. Jaiz Bank: Jaiz Bank is a non -interest bank that operates on the principles of Islamic finance. The bank has a large customer base of individuals and businesses that prefer to bank in accordance with Islamic principles.
16. Coronation Merchant Bank: Coronation Merchant Bank is a leading merchant bank in Nigeria that offers a wide range of financial services to its customers. The bank has a strong corporate banking business and is known for its expertise in capital markets and investment banking.
17. Heritage Bank: Heritage Bank is a fast-growing bank that has carved out a niche in the retail banking sector. The bank is known for its innovative digital products and services, such as its mobile banking app and USSD codes.
18. Polaris Bank: Polaris Bank is a relatively new bank that was created in 2018 from the assets of the defunct Skye Bank. The bank has a large retail banking business and is known for its innovative digital products and services.
19. Providus Bank: Providus Bank is a fast-growing bank that has carved out a niche in the retail banking sector. The bank is known for its innovative digital products and services, such as its mobile banking app and USSD codes.
20. Titan Trust Bank: Titan Trust Bank is a relatively new bank that was founded in 2019. The bank is known for its innovative digital products and services, such as its mobile banking app and USSD codes.

In conclusion, Nigeria’s banking sector is diverse and competitive, with many excellent options for customers to choose from. When selecting a bank, it is essential to consider factors such as customer service, financial stability, and the bank’s asset base. The 20 banks listed above are among the best in Nigeria, and customers can feel confident in their choice of bank when choosing from this list.

Best bank in Nigeria according to customers review

The best bank in Nigeria according to customer reviews can vary depending on the source and criteria used for evaluation. However, here are some of the banks that have consistently ranked highly in customer satisfaction surveys in recent years:

1. Guaranty Trust Bank (GTBank): GTBank is known for its excellent customer service, innovative products, and robust digital banking platform. The bank has won numerous awards for its customer service and has consistently ranked highly in customer satisfaction surveys.
2. Zenith Bank: Zenith Bank has a reputation for excellent customer service, and customers often praise the bank’s prompt and efficient response to their inquiries and complaints. The bank has also won several awards for its customer service in recent years.
3. Access Bank: Access Bank has invested heavily in its digital banking platform, and customers have praised the bank’s user-friendly mobile app and USSD codes. The bank has also received high ratings for its customer service in various surveys.
4. First Bank of Nigeria: First Bank of Nigeria is one of the oldest and most established banks in the country, and customers have praised the bank’s branch network and reliable customer service. The bank has also won awards for its digital banking products and services.
5. United Bank for Africa (UBA): UBA is one of the largest banks in Nigeria, with a presence in several African countries. The bank has received high ratings for its customer service and innovative products such as its mobile banking app and USSD codes.

It is worth noting that customer reviews and ratings should not be the only criteria for choosing a bank, as each individual’s financial needs and circumstances are unique. Other factors such as financial stability, fees and charges, and product offerings should also be considered when selecting a bank.