Strongest Banks in Nigeria

First Bank of Nigeria Plc is one of the strongest banks in Nigeria. It enjoys a relatively lower cost time deposit base by attracting the retail segment whose principal consideration is the safety of their funds. The Bank's funding base consists of well-diversified corporate and retail deposits as well as interbank and other borrowings.

Oceanic Bank remains one of the strongest banks in Nigeria. The bank has built its success on excellent service, delivered in a friendly environment through professional staff, leveraging on world-class technology. Oceanic Bank is also one of the most recognized financial services brands in West Africa, with a strong presence in asset management, commercial banking, health management, insurance, investment banking, pensions, registrar services, savings & loans and trustee services.

Zenith Bank Plc is the strongest financial group in West Africa in terms of quality of assets, safety of funds and brand and has won numerous awards including 'Quoted company of the Year, 2007' by the Nigerian Stock Exchange and 'Africa's Bank of the Year' by Africa Investor Magazine. It is also one of the biggest and most profitable banks in Nigeria with total assets plus contingents of N1 .66 trillion as at the end of December 2009. The bank was established in May 1990 and was listed on the Nigerian Stock Exchange on October 21, 2004.

* Next: Best Investment Banks in Nigeria

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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