Banking this days is all about speed, efficiency, stability and trust. If there is any bank that does not have any of this features, then it does not have the necessary requirements for a modern banking system in Nigeria.


Top Best Banks In Nigeria And Their Mode Of Operation Banks-in-Nigeria

I personally I have a huge taste, when it comes to banking, is hard to see a modern Nigeria going to bank this days except on an occasion of BVN verification, change of name etc.


Now I’m going to take you to the lane of my top 20 banks in Nigeria and their mode of operation (we know every has its taste *winks*)


· Diamond Bank

Top Best Banks In Nigeria And Their Mode Of Operation Diamond-Bank


Well I don’t use this bank but I’m envious of those who uses this bank, Diamond Bank Plc began as a private limited liability company on March 21, 1991 (the company was incorporated on December 20, 1990). Ten years later, in February 2001, it became a universal bank. As at 2013, they have about 240 branches in Nigeria (other branches in Nigeria is not included, wow!) and with the Power of their mobile banking app, you’ve all you got in banking.


Second in my list is first Bank


· First Bank was established in 1894, with about 750 business location all around Africa! (wow, isn’t it amazing!). They having followed every move of and step to become one of the most efficient banks in Nigeria. With their first mobile app, their USSD codes for mobile transactions, they can surely forward.


· Guarantee Trust Bank (GTB).


Guaranty Trust Bank plc also known as GTBank or simply GTB is a Nigerian multinational financial institution, that offers Online/Internet Banking, Retail Banking, Corporate Banking, Investment Banking and Asset Management services, with its head office in Victoria Island, Lagos. Guaranty Trust Bank plc was incorporated as a limited liability company licensed to provide commercial and other banking services to the Nigerian public in 1990 and commenced operations in February 1991.

Top Best Banks In Nigeria And Their Mode Of Operation GTB


In September 1996, Guaranty Trust Bank plc became a publicly quoted company and won the Nigerian Stock Exchange President’s Merit award (like seriously?). GTBank plc has 231 branches, 17 Cash Centres, 18 e-branches, 41 GTExpress locations and more than 1165 ATMs in Nigeria. (That is my Bank!)




· Sterling Bank Plc is a full service national commercial bank licensed by the Central Bank of Nigeria. Its shares trade under the Banking sector of the Nigerian Stock Exchange with the symbol STERLNBANK. The bank provides services to individuals, small businesses (SMEs) and large corporations. As of December 2016, the bank's branch network numbered 187, distributed throughout Nigeria.(I love this bank)


The Bank's operations and products are grouped in three clusters:


Consumer-Retail (with several initiatives such as Agent Banking to attract the underbanked/unbanked, Micro-credit for youths through Social Lender, Commercial (dealing in several sectors including Agriculture for which the bank has won awards), and thirdly Corporate (covering several sectors including Telecommunications, Power and Steel, Food and Beverages among others.


The bank operates from:



  • The Head Office in 20 Marina, Lagos

  • 189 branches across the country

  • 1,871 POS terminals with several merchants

  • 776 ATMs across the country



Top Best Banks In Nigeria And Their Mode Of Operation Sterling-Bank

· 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. Originally a corporate bank, the organization acquired personal and business banking platforms from Nigeria’s International Commercial bank in 2012. Access Bank is presently one of the five largest banks in Nigeria in terms of assets, loans, deposits and branch network.


· Ecobank Nigeria Plc, commonly referred to as Ecobank Nigeria, is a commercial bank in Nigeria. It is one of the commercial banks licensed by the Central Bank of Nigeria, the national banking regulator. As of December 2011, the expanded Ecobank Nigeria Plc. is projected to have in excess of 600 branches, in all parts of the Federal Republic of Nigeria, he bank began operations in 1986. It operates as a universal bank, providing wholesale, retail, corporate, investment and transaction banking services to its customers in the Nigerian market. The bank divides its operations into three major divisions: (a) Retail Banking (b) Wholesale Banking and (c) Treasury & Financial Institutions. The bank also offers capital markets and investment banking services.


· Fidelity Bank, also known as Fidelity Bank Plc., is a commercial bank in Nigeria. It is licensed as a commercial bank, by the Central Bank of Nigeria, the central bank and national banking regulator. In 2011, the bank was ranked the 7th most capitalized bank in Nigeria, the 25th most capitalized bank on the African continent and the 567th most capitalized bank in the world. As of December 2013, Fidelity Bank Plc. was a large financial services provider in Nigeria with total assets estimated at over US$6.318 billion (NGN:1+ trillion), and shareholders' equity in excess of US$1 billion (NGN:158 billion). At that time, the bank served 2.3 million customers at about 239 business offices nationally. The bank currently has over 400,000 diverse shareholders. It was listed on the Nigerian Stock Exchange in May 2005 and has consistently paid dividends annually since its listing, as of June 2016, according to BGL Plc, Fidelity Bank Plc had a market capitalisation of NGN:37,072,109,685.76 (OMG!)


· Skye Bank Plc., commonly known as Skye Bank, is a commercial bank based in Nigeria. It is one of the twenty-six (26) commercial banks licensed by the Central Bank of Nigeria, the country's banking regulator. Skye Bank is a large financial services provider in West Africa and Central Africa. With headquarters in Nigeria, the bank maintains subsidiaries in Sierra Leone, the Gambia, the Republic of Guinea, Liberia, Angola and Equatorial Guinea. As of September 2010, the bank's total assets were valued in excess of US$3.9 billion (NGN:611.5 billion), with shareholders' equity of approximately US$630 million (NGN:98.4 billion), with its flexibility, it will surely go a long way with modern era.

Top Best Banks In Nigeria And Their Mode Of Operation Skye-bank


· Stanbic IBTC Holdings, commonly referred to as Stanbic IBTC, is a financial service holding company in Nigeria with subsidiaries in banking, stock brokerage, investment advisory, pension and trustee businesses. Stanbic IBTC Holdings is a member of the Standard Bank Group, a financial services giant based in South Africa. Standard Bank is Africa's largest banking group ranked by assets and earnings operations in 20 African countries and 13 countries outside Africa.


· Union Bank of Nigeria Plc., commonly known as Union Bank of Nigeria, is a commercial bank in Nigeria. Union Bank is a large commercial bank, serving individuals, small and medium-sized companies, as well as large corporations and organizations. In July 2009, it was rated the 556th largest bank in the world and the 14th largest bank in Africa. As of June 2012, the bank's asset base was estimated at US$6.784 billion (NGN:1.049 trillion). The shareholders' equity at that time was estimated at US$1.22 billion (NGN:188.4 billion.

Top Best Banks In Nigeria And Their Mode Of Operation Union-Bank-logo-logotype-2015-1024x768


· United Bank for Africa (UBA) Plc, is a Nigerian multinational financial institution. It is one of Africa's best and most resilient banking Groups with operations in 19 African countries and offices in three global financial centers: London, Paris and New York. United Bank for Africa (UBA) Plc is one of Africa’s largest financial institutions with operations in 19 African countries and 3 global financial centers; New York, London and Paris. UBA has more than eight million customers and 700 business offices globally.


· Unity Bank, also known as Unity Bank plc, is a commercial bank in Nigeria. Unity Bank is a large financial services provider in Nigeria. Headquartered in Abuja, Nigeria's capital, Unity Bank also maintains an operations base on Victoria Island, in Lagos, Nigeria's commercial capital.[3] As of December 2012, the bank's total assets were valued at about US$2.45 billion (NGN:396 billion), with shareholders' equity of approximately US$322 million (NGN:51.5 billion.


· Zenith Bank is a Nigerian multinational financial services provider. It is licensed as a commercial bank, by the Central Bank of Nigeria, the central bank and national banking regulator. Zenith Bank is a large financial service provider in Nigeria and Anglophone West Africa. As at 31 December 2016, its total assets was ₦:4,739,825 million with shareholders' equity of ₦:616,353 million. The shares of stock of the company are listed on the Nigeria Stock Exchange and the London Stock Exchange. Headquartered in Lagos, Nigeria, Zenith Bank Plc has more than 500 branches and business offices in all states of the federation and the Federal Capital Territory (FCT).

Top Best Banks In Nigeria And Their Mode Of Operation Image79