Top Largest Banks in Nigeria

The top largest banks in Nigeria include First Bank Nigeria, United Bank for Africa, Access Bank Plc., Intercontinental Bank, among others.

FirstBank of Nigeria Plc is the nation's largest and longest-standing financial services institution, with international presence in London, Paris, Johannesburg and Beijing. FirstBank has clinched three awards in the United States, being rated the Best Bank in Nigeria 2010. The three awards bestowed on the Bank, during the World Bank/IMF meetings in Washington DC on 9 October 2010 by Global Finance are “Best Bank in Nigeria, Best Trade Finance Bank and the Best Foreign Exchange Bank for 2010”.

United Bank for Africa Plc (UBA) is the product of the merger of Nigeria's third and fifth biggest banks, namely the old UBA and the erstwhile Standard Trust Bank Plc (STB) respectively, and a subsequent acquisition of the erstwhile Continental Trust Bank Limited (CTB). UBA is ranked as the Number One Bank in Nigeria (Agusto & Co, 2007).

Access Bank Plc. is one of the top 10 biggest banks in Nigeria in terms of asset base. It has branches located in all major commercial centres and cities across Nigeria and other African countries (Burundi, Cote D'Ivoire, Democratic Republic of Congo, Ghana, Rwanda, Sierra Leone, The Gambia, Zambia).

The Intercontinental Bank Group is one of Nigeria's largest diversified financial services institution with subsidiaries in banking and finance, insurance, stockbroking, discount house, mortgage and property development, and so on. The bank has received a number of awards, some of which include:
- African Bank of the Year 2008 by the African Banker Magazine.
- Voted the Most improved Bank by Thisday Newspaper, 2005.
- Financial Brand of the Year 2008 by the World Bank/IMF Annual Meeting Daily.
- The Most Corporate Socially Responsible Bank in Nigeria 2007 & 2008 awarded by the Vanguard Newspaper.

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Author

Kelvin Wong Loke Yuen is an experienced writer with a strong background in finance, specializing in the creation of informative and engaging content on topics such as investment strategies, financial ratio analysis, and more. With years of experience in both financial writing and education, Kelvin is adept at translating complex financial concepts into clear, accessible language for a wide range of audiences. Follow him on: LinkedIn.

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