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SunTrust was incorporated and founded in 2009 by Chief Executive, Muhammad Jibrin Barde as a mortgage bank and later converted to and was granted a regional commercial banking license by the Central Bank of Nigeria in November 2015, being the first commercial bank to receive a banking license since 2001, bringing the total of licensed commercial banks in Nigeria, at that time, to twenty-three. [6]
During the Central Bank of Nigeria’s (CBN) banking sector consolidation policy, Union Bank of Nigeria Plc acquired the former Universal Trust Bank Plc and Broad Bank Ltd. It absorbed its one-time subsidiary, Union Merchant Bank Ltd.
HSBC Holdings plc (Chinese: 滙豐; acronym from its founding member The Hongkong and Shanghai Banking Corporation) is a British universal bank and financial services group headquartered in London, England, with historical and business links to East Asia and a multinational footprint.
On 26 July 2007, GTBank became the very first Subsaharan bank and first Nigerian joint stock company to be listed on London Stock Exchange and Deutsche Börse. The IPO raised US$750,000,000. [14] In the same year, they successfully placed Nigeria's first private Eurobond issue on the international capital markets. [15]
Jaiz Bank Plc, is a bank in Nigeria operating under Islamic banking principles and is a non-interest bank. It is the first non-interest bank established in Nigeria and is headquartered in Abuja, the capital city of the country. [3] As of December 2012, the bank was a medium-sized, financial services provider in Nigeria.
Olabisi “Bisi” Stephen Onasanya (born August 18, 1961) is a former Group Managing Director and Chief Executive Officer of First Bank of Nigeria Limited. [1] He was before this appointment the Managing Director/Chief Executive Officer of First Pension Custodian, and began his career with Arthur Young, an American audit firm.
LOTUS Bank is a non-interest bank headquartered in Lagos, Nigeria. [3] It is the third non-interest bank established in Nigeria in 2021 [4] and the first that started operations from the southern part of the country headquartered in Lagos.