CBN Unveils List of Licensed Deposit Money Banks 

James Emejo in Abuja

The Central Bank of Nigeria (CBN) has published the  comprehensive list of licensed Deposit Money Banks (DMBs) operating within the country.

The list was posted on the CBN’s website to update the public on the eligible financial institutions operating lawfully.

The publication came amid recent proliferation of financial services institutions which may not be licensed by the apex bank, as well as licensed banks which appeared to have operated beyond their license categories.

However, the list further categorised the banks accordingly to their licenses. 

The CBN stated that as of April 26, 2024, banks with international authorisation include Access Bank Limited, Fidelity Bank Plc, First City Monument Bank Limited, and First Bank Nigeria Limited.

Others are Guaranty Trust Bank Limited, United Bank of Africa Plc, and Zenith Bank Plc.

The CBN also listed commercial banks with national authorisation to include Citibank Nigeria Limited, Ecobank Nigeria Limited, Heritage Bank Plc, Globus Bank Limited, and Keystone Bank Limited.

Others include Polaris Bank Limited, Stanbic IBTC Bank Limited, Standard Chartered Bank Limited, Sterling Bank Limited, and Titan Trust Bank Limited.

Others are Union Bank of Nigeria Plc, Unity Bank Plc, Wema Bank Plc, Premium Trust Bank Limited and Optimus Bank Limited.

In addition, commercial banks with regional licenses include  Providus Bank Limited, Parallex Bank Limited, Suntrust Bank Nigeria Limited, and Signature Bank Limited.

The central bank also listed Mauritius Commercial Bank Representative Office (Nigeria) Limited.