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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 ...
This is a list of commercial bank with International Authorization in Nigeria, arranged alphabetically: [1] 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.
The BOI-Microfinance Bank Limited is a limited liability company duly incorporated in Nigeria under the 2002 Companies and Allied Matters Act and regulated by CBN. The bank offers a broad range of financial services to micro, small and medium-sized enterprises and various low-income earners both as individuals and as groups.
Owner. Emmanuel Emefienim. Premium Trust Bank is a Nigerian commercial bank that is licensed by the Central Bank of Nigeria, the national banking regulator. [1] The bank offers personal, corporate, private and SME Banking. [2] As of February 2023, the bank has 8 branches in Nigeria. [3] Premium Trust Bank was founded by Emmanuel Emefienim. [4] [5]
Heritage Bank Plc., usually called Heritage Bank, was a financial services institution.It was one of the commercial banks licensed by the Central Bank of Nigeria, the country's banking regulator, with a national operating license, that offered retail banking, corporate banking, online/internet banking, investment banking and asset management services; its head office was at 143, Ahmadu Bello ...
The banking industry in Nigeria started during the colonial era with the establishment of Colonial Banks, with the primary aim of meeting the commercial needs of the Colonial Government. [1] The banking system in Nigeria is regulated through the Central Bank of Nigeria. This apex bank started operation on July 1, 1959.
Total assets. ₦5.9 trillion. Number of employees. 16,000. Website. firstbanknigeria .com. First Bank of Nigeria is a multinational bank and financial services company in Lagos, Nigeria. [1] First Bank is owned by FBN Holdings PLC, which in itself has diversified ownership with over 1.3 million shareholders.
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.