Zenith Bank Plc is one of the biggest and most profitable banks in Nigeria, together with its subsidiaries, it provides various banking and financial services to the corporate, commercial, and individual customers in Nigeria, the rest of Africa, and Europe.
Wema bank Nigeria provides commercial banking and financial services. The bank’s subsidiaries include Wema Registrar Limited; Wema Trustees Limited; Wema Homes Limited; Wema Insurance Brokers Ltd; and Wema Venture Limited.
United bank for Africa UBA’s history dates back to 1948 when the British and French Bank Limited (“BFB”) commenced business in Nigeria and the erstwhile STB and CTB both in 1990. Following Nigeria’s independence from Britain, UBA was incorporated in 1961 to take over the business of BFB.
The bank’s products include current and saving accounts, time and term
loans, call and fixed deposits, and overdrafts. Additionally, it offers
cash management, inventory and mortgage financing, import duty
clearing, import and export financing, and Internet and mobile banking
services. Unity Bank was founded in 2006 and is based in Abuja, Nigeria
with an additional office in Lagos, Nigeria.
Union Bank of Nigeria Plc was established in 1917 as a Colonial Bank with its first branch in Lagos. In 1925, Barclays Bank acquired the Colonial Bank, which resulted in the change of the Bank’s name to Barclays Bank (Dominion, Colonial and Overseas). Following the enactment of the Companies Act 1968 and the legal requirement for all foreign subsidiaries to be incorporated locally, Barclays Bank (D C O) in 1969 was incorporated as Barclays Bank of Nigeria Limited.
Sterling Bank is one of the banks presently operating in Nigeria following the banking consolidation exercise initiated by the Central Bank of Nigeria in January 2006.
Standard Chartered bank Plc opened to customers on 15 September 1999 as a wholly owned subsidiary of Standard Chartered Bank Plc, headquartered in United Kingdom. It now has sixteen branches located in Lagos, Port Harcourt, Abuja, Ibadan, Kano, Aba and Ota offering a wide range of products and services in both consumer and wholesale banking. It employs over 380 employees and sees Nigeria as a growth centre.