• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

If your bank is on this CBN list, your money is safe

Dennis Adesanoye by Dennis Adesanoye
October 8, 2018
in Business News, Company News, Spotlight
The CBN Building, Abuja - capital inflows

The CBN Building, Abuja

Share on FacebookShare on TwitterShare on Linkedin

The Central Bank of Nigeria (CBN) has released the list of banks operating in Nigeria, as at the 30th of September, 2018.

The report which was released on Monday is titled The List of Deposit Money Banks and Financial Holding Companies Operating In Nigeria. The report includes the list banks and the addresses of heir operating head offices.


Commercial Banks

The CBN report groups commercial banks into three categories:

RelatedStories

CBN, forex

June 2025 PMI: CBN warns of inflation as input costs outpace output prices

July 8, 2025
CBN, forex

CBN clarifies NRBVN charges, says BVN enrolment remains free for Nigerians in Nigeria 

July 7, 2025
  • Nine commercial banks are licensed with international authorisation and they include Access Bank, Diamond Bank, Fidelity, FCMB, First Bank, Guaranty Trust Bank Plc, Union Bank, UBA and Zenith Bank.
  • 10 other commercial banks along with the first 9 are licensed with only national authorization for commercial banking. They are Citibank, Ecobank, Heritage Bank, Keystone Bank, Polaris Bank and Stanbic IBTC. Others include Standard Chartered Bank, Sterling Bank, Unity Bank and Wema Bank.
  • The last categories of commercial banks are those licensed with regional authorization and they are Suntrust Bank and Providus Bank Plc.

Merchant Banks

The report shows that there are only five licensed merchant banks operating in Nigeria with national authorization, as at the end of September 2018: Coronation Merchant Bank, FBN Merchant Bank and FSDH Merchant Bank. Other Merchant Banks operating in Nigeria include Rand Merchant and Nova Merchant Bank.


Financial Holding Companies and Non-interest Banks

According to CBN, only three companies are licensed for financial holdings in Nigeria as September 30, 2018. They are FBN Holdings PLC, FCMB Group PLC and Stanbic IBTC Holdings Plc.

Meanwhile, Jaiz Bank Plc remains the only company with a non-interest banking licence that has national authorization in Nigeria.


Polaris Bank

It will be recalled that CBN a few weeks ago revoked the operating licence of Skye Bank Plc with AMCON taking over all the assets and liabilities of the defunct Skye Bank. The name was immediately changed to Polaris Bank.

The apex bank later cited the bank’s urgent need for capitalization, as shown by the results of its examinations and forensic audit, as the reason for revoking its licence.

You can read the full report here.


Follow us for Breaking News and Market Intelligence.
Tags: CBNcommercial banks
Dennis Adesanoye

Dennis Adesanoye

Related Posts

CBN, forex
Economy

June 2025 PMI: CBN warns of inflation as input costs outpace output prices

July 8, 2025
CBN, forex
Financial Services

CBN clarifies NRBVN charges, says BVN enrolment remains free for Nigerians in Nigeria 

July 7, 2025
CBN, forex
Breaking News

Court upholds CBN-backed NIBSS Authority to manage BVN Database nationwide 

July 4, 2025
CBN, forex
Financial Services

Credit to Private sector slips marginally to N77.83 trillion in May 2025 despite surging money supply 

July 3, 2025
CBN, forex
Financial Services

Nigeria’s FDI drops by 19% to $250 million in Q1 2025 – CBN 

June 27, 2025
CBN Governor Yemi Cardoso to be honoured at Nairametrics Capital Market Awards for monetary policy reforms and banking sector recapitalization 
Financial Services

Focus on ‘African-led, African-owned’ growth, digital transformation – Cardoso tells African leaders at Afreximbank AGM 

June 25, 2025
Next Post
Pension Funds

Pension fund operators has loaned N151.95 billion to states

Comments 9

  1. Anonymous says:
    October 8, 2018 at 12:15 pm

    This report is not complete. Are you trying to tell me UBA is not among the international licensed bank operating.
    It was completely not captured as anything.

    Reply
  2. Sharaf says:
    October 8, 2018 at 12:16 pm

    You missed out UBA! please edit

    Reply
    • Anonymous says:
      October 9, 2018 at 1:42 pm

      check very well UBA is among the international Bank pls

      Reply
  3. Anonymous says:
    October 8, 2018 at 12:18 pm

    where is UBA in the list?

    Reply
  4. Anonymous says:
    October 8, 2018 at 2:05 pm

    Please edit with inclusion of UBA. Thank you

    Reply
  5. Kiko Loma says:
    October 8, 2018 at 2:47 pm

    Please use your eyes. UBA is there, 2nd to last before Zenith in first category.

    Reply
  6. David C. Uka says:
    October 8, 2018 at 2:52 pm

    Your report does not contain the United Bank of Africa. Which category do they fall into ?

    Reply
  7. Felix says:
    October 8, 2018 at 5:17 pm

    Read from the beginning, UBA is mentioned there

    Reply
  8. Felix says:
    October 8, 2018 at 5:20 pm

    Please what has been the arrangement made by the CBN for retail investors to recover their investment from the Skye bank as mentioned last week?

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • Climate change threatens global data centres, may cause billions in damages—Report  
  • Air Peace aircraft skids off runway after landing at Port Harcourt airport 
  • Weekly Market Wrap: Banks drive the Nigerian stock market to a 7-week winning streak as ASI jumps 4.26% 

Follow us on social media:

Recent News

Climate change threatens global data centres, may cause billions in damages—Report  

Climate change threatens global data centres, may cause billions in damages—Report  

July 13, 2025
Air Peace aircraft skids off runway after landing at Port Harcourt airport 

Air Peace aircraft skids off runway after landing at Port Harcourt airport 

July 13, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics