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The Central Bank of Nigeria (CBN) has recently unveiled a detailed roster of licensed Deposit Money Banks (DMBs) in Nigeria, providing valuable insights into the nation's banking sector. The list, organized by the types of licenses each institution holds, offers a comprehensive overview of Nigeria's diverse banking landscape.
  1. Banks with International Authorization: This category includes renowned institutions like Access Bank Limited, Fidelity Bank Plc, and Zenith Bank Plc, showcasing Nigeria's presence in the global financial arena.
  2. Banks with National Authorization: Notable names such as Ecobank Nigeria Limited, Polaris Bank Limited, and Union Bank of Nigeria Plc are among the institutions authorized to provide banking services nationwide.
  3. Banks with Regional Licenses: Regional players like Providus Bank Limited and Parallex Bank Limited offer services within specific regions of Nigeria, catering to localized banking needs.
  4. Non-Interest Banks with National Authorization: Jaiz Bank Plc and Taj Bank Limited are prominent examples, serving customers with non-interest banking services across the nation.
  5. Merchant Banks: Entities like Coronation Merchant Bank Limited and FSDH Merchant Bank Limited focus on investment banking and related services, contributing to Nigeria's financial ecosystem.
  6. Financial Holding Companies: Holding companies such as Access Holdings Plc and FBN Holdings Plc oversee various financial subsidiaries, demonstrating their influence across multiple sectors.
  7. Representative Office: The Mauritius Commercial Bank Representative Office (Nigeria) Limited serves as a liaison for The Mauritius Commercial Bank, facilitating communication and cooperation in the Nigerian market.