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The First Bank Group has over 700 business locations across Africa and has an agent banking network with over 232,000 locations across Nigeria as of 2024. The bank specializes in retail banking, with a client base in West Africa of over 42 million customers.
Access Bank Plc. Fidelity Bank Plc. First City Monument Bank Limited. First Bank of Nigeria Limited. Guaranty Trust Holding Company Plc. Union Bank of Nigeria Plc. United Bank for Africa Plc. Zenith Bank Plc. This is a list of commercial banks with National Authorization in Nigeria, arranged alphabetically: [1]
The Anglo-Egyptian Bank and the National Bank of South Africa gave birth to Barclays Bank in Nigeria. In 1948, the British and French Bank for Commerce and Industry started operations in Nigeria, which metamorphosed into the United Bank for Africa. The first domestic bank In Nigeria was established in 1929 and called the Industrial and ...
Wema Bank Plc, commonly known as Wema Bank, is a Nigerian commercial bank.It is licensed by the Central Bank of Nigeria; the regulator of the nation's banking sector. As of 2019, Wema bank operates the largest digital banking system in Nigeria, ALAT By Wema, which is fully in use in all of the nation's thirty six states and federal capital territory.
Parallex Bank Limited is a Nigerian financial services provider that operates as a licensed commercial bank, regulated by the Central Bank of Nigeria, the country's central bank and national banking regulator. [1] In December 2023, Parallex Bank was awarded Reputable Bank of the Year by the Global Reputation Forum in UK for being the first bank ...
The Central Bank of Nigeria (CBN) is the central bank and apex monetary authority of Nigeria established by the CBN Act of 1958 and commenced operations on 1 July 1959. The major regulatory objectives of the bank as stated in the CBN Act are to: maintain the external reserves of the country, promote monetary stability and a sound financial environment, and act as a banker of last resort and ...
The history of banking began with the first prototype banks, that is, the merchants of the world, who gave grain loans to farmers and traders who carried goods between cities. This was around 2000 BC in Assyria, India and Sumer. Later, in ancient Greece and during the Roman Empire, lenders based in temples gave loans, while accepting deposits ...
Online banking, also known as internet banking, virtual banking, web banking or home banking, is a system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution's website or mobile app. Since the early 2000s this has become the most common way that customers ...