Best Banks in Nigeria

Filed in Bank Jobs by on January 14, 2021 0 Comments

This article will look at the best Banks in Nigeria. There are features that serve as a measure for judging and enlisting these banks into this list.

However, this is for the time being as there is the possibility of other banks outshining the banks on this list, and when or where that happens, this list will take a new shape as our research team shall update it. By this, we mean that this rating is absolutely tentative.

Read Also: UBA Salary Structure

Best Banks in Nigeria

Best Banks in Nigeria – Photo Source:

For decades now, there has been an evolution of ideas which has led to the birth of millions of advancement in the very many sectors of the economy.

This advancement led to the birth of the Central bank of Nigeria which oversees and guides the affairs of other financial institutions whose major duty amongst others is to keep the money people realize from their businesses for them until they have the need for it.

Time has gone passed and a lot of individuals and companies have seen into the profitability of the sector and decided to pitch their tents in the soil of the industry.

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This has given way to serious competition in the sector as one financial institution tries to outsmart the other in terms of its products and service delivery.

Irrespective of the competition, some banks have stood out as unique banks that portray excellence in what they do. This has more to do than the colours of the building, the logo, staff uniform, or any other packaging they may use, as we all know that things that have lesser values compared to what a prospect may be looking for because sometimes, mediocrity packages itself in an expensive manner.

Talking about the best banks in this article, we refer to the following features in the bank:

  • Great Customer service
  • Availability
  • Swift service delivery
  • Accessibility
  • Loan disbursement etc.

Read Also: Salary Structure of Sterling Bank

Are you an investor looking for a bank to invest in? Or a prospective bank client? Or you have a company and want to know which bank will suit your company’s financial needs?, then, you need to know that this article is written for two reasons, (i) to guide you to choose the right bank, (ii) to show you the best banks in Nigeria according to this research.

Best Banks in Nigeria

Judging from the above-outlined features, The Best Banks in Nigeria:

1. Zenith Bank

Duly registered and incorporated in 1990, Zenith Bank’s headquarters is at Plot 84, Ajose Adeogun Street, Victoria Island, Lagos. The bank offers a customer-friendly product and their services are just exclusively personalized for individual customers.

They also offer a lot of other financial services to meet either your company or your personal financial needs. The bank currently serves about 2.1 million individual customers and hundreds of thousands of corporate entities around the world.

The bank is a public limited liability company and has been listed on the Nigerian Stock Exchange since 2004.

As of the time of this post, the bank is worth over 700 billion Naira in Revenue, 220 billion naira in Net income, and has a total asset of 5.2 trillion Naira around the world.

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2. United Bank for Africa (UBA)

UBA was first established in 1949 as the British and French Bank Limited (BFB), United Bank for Africa is one of the oldest banks in Nigeria.

In 1970, it held an IPO and became the first Nigerian bank with its shares listed on the Nigerian Stock Exchange. The company caters to retail, commercial, and corporate customers, providing a wide range of products and services.

United Bank has in its payroll over 12,500 staff and serves more than 15 million customers around the world. It operates a network of over 1,200 branches and touchpoints, 13,500 POS terminals, and 1,740 ATMs in Africa.

3. Guaranty Trust Bank (GTBank)

This is one of the banks with the smartest banking policies. In the banking halls, despite the king queue, you’ll find every day, they still maintain speed customer delivery. The bank is guaranteed one of the best because of the speed in service delivery.

Read Also: Functions of the Central Bank of Nigeria

Other banks on this list include the following:

  1. First Bank of Nigeria
  2. Access and diamond banks and
  3. Sterling bank

We hope this was helpful!


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