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.
- 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.
- 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.
- 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.
- 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.
- 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.
- Financial Holding Companies: Holding companies such as Access Holdings Plc and FBN Holdings Plc oversee various financial subsidiaries, demonstrating their influence across multiple sectors.
- 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.
