Best banks in Nigeria

What is the best bank in Nigeria?

This question will always come to anyone who wishes to open a new bank account in Nigeria today. Well, the best banks in Nigeria mean a lot to different people.

Some people feel that banks that charge less are the best for them, while others look at the bank’s age. We also have those who rate banks based on their popularity.

Therefore, we will be looking at many of these factors to grade the banks discussed in this article today.

However, you may find other lists contrary to this, but I assure you that this is one of your’s most reliable ones.

10 Best Banks in Nigeria to open a business or Savings account

The banks below are the most recommended and reliable banks that you can open a new account with. So you should check them out below.

Best banks in Nigeria

  1. Zenith Bank

Zenith Bank made it to the best banks in Nigeria on our list today. This bank has also been ranked as one of the world’s best banks by Global Finance Magazine. It was founded in 1990, and it has fast-forwarded to be one of the banks with the most customers, having over 1.6 million users.

They have a lot of branches in Nigeria with some of the best staff. Aside from the normal banking service, they render other services related to forex, investment, treasury, loans, and many more.

Their net income has been reported to be worth over 149 billion nairas. Therefore, you can’t go wrong choosing Zenith bank.

Best banks in Nigeria

  1. GTB

Guarantee Trust Bank is arguably the most popular bank in Nigeria today and also one of the best. This bank got the attention of both the young and old having more than 8 million customers.

It was founded in the same year as Zenith bank, which is 1990. And ever since, most customers have had a lot of good things to say about this bank. This has also contributed to the growth, thereby leading to the surge in customers.

They are known to have over 231 branches and over 1100 ATMs across the country. The savings benefit and customer experience have won the hearts of many who will happily tag GTB as the best bank in Nigeria.

Best banks in Nigeria

  1. First Bank of Nigeria

If most youths have to vote GTB as their best bank, the adults will pick FBN over GTB. First Bank has for a long time been one of the best and early banks to ever come out of the country.

It was founded in 1894, and they have proven their level of excellence. Just like the GTB, they are also popular by having over 10 million customers. They have bagged some awards that have solidified their rank among the best banks in Nigeria.

Best banks in Nigeria

  1. UBA

Lately, the United Bank for Africa is gaining more recognition and fast becoming another great option for most youths in Nigeria. However, this can be attributed to proper marketing.

Nevertheless, it is one of the best banks with amazing customer service. This bank can also be tagged as one the oldest as it was founded in 1948.

There are over 500 UBA branches across the nation today. Ensure that you visit any of them to open a new account. This bank is worth over 13 billion nairas.

Read: How to Store Money without a Bank

Best banks in Nigeria

  1. Keystone Bank Nigeria

Keystone Bank is a new generation bank and also one of the best in Nigeria today. This bank was established in 2011 and has gathered a whole lot of customers.

Aside from regular banking services, they run other services related to mortgages, credit cards, loans, investments, and savings.

You can’t go wrong banking with keystone bank as it has received many positive reviews so far. This bank has also been tagged as one of the largest financial institutions in this country today.

Best banks in Nigeria

  1. Ecobank

Many people will choose Ecobank as their best bank in Nigeria. This bank was established in 1985, having over 600 branches across the country.

The majority of people prefer to open to Ecobank for their salary account due to its reliability. The banks have over 9.5 million customers making it one of the largest.

Their services include savings, loans, retail banking, cooperation, treasury, wholesale banking, investment banking, etc. You can open an Ecobank account at any of the nearest branches around you.

  1. Access Bank

This is a top choice bank for most citizens of Nigeria today. It is another reliable bank with a great customer service experience.

Access bank was founded in 1989, and just recently, they acquired the diamond bank. The acquisition of this bank has equally increased their numbers of customers and their level of productivity.

This bank has the vision of becoming the best bank in Nigeria, which is already in the process. I bet customers of Access bank are satisfied with their banking experience. Therefore, opening an account with an access bank shouldn’t be a bad idea for you.

Consider Reading: Businesses That Moves Fast In Nigeria

  1. Union Bank of Nigeria

Here is another bank that should not be missing from the list of the best banks in Nigeria. This bank was established in 1917, making it one of the oldest. The fact that it is old does not reduce its reliability but rather increases its trustworthiness.

UBN has many customers who would be willing to recommend it to anyone in search of a bank to open a new account. Both youths and older adults accept it.

They have also been said to also belong to the richest banks in Nigeria, having a net worth of over 6.5 billion nairas.

  1. Fidelity Bank

With over 2.5 million customers, they have found their way to become one of Nigeria’s best banks today. A larger percentage of the people banking with Fidelity are satisfied with their services.

This bank was founded in 1988 and is known to worth over 6.5 billion nairas. They made banking easier for their customer through the advent of mobile banking. Fidelity bank is a reliable bank for both new and old account holders.

  1. Stanbic IBTC Bank

Stanbic IBTC Bank is one of the best banks in Nigeria with over N1.27 trillion (US$3.8 billion) in total assets as of 2017.IBTC is a recognized member of the Standard Bank Group, which happens to be the largest bank in South Africa.

This bank was founded on 2 February 1989, which also rates it among the oldest and reliable banks in Nigeria with great customer-centric.

So if you are looking for the best bank in Nigeria to open a business account or Savings, consider opening with Stanbic IBTC Bank, and I assure you’d never regret banking with them.


Conclusion: Best banks in Nigeria

Having gone through the list of the best banks in Nigeria that are discussed above. You must have decided in your mind to register with one of them.

Therefore, you must go along with an acceptable ID card (Voter’s Card/National ID card), BVN, Utility bills, and two passports to open a new account.

Meanwhile, ensure that you use the social share buttons to let this article reach a wider audience. It will be useful for other people searching for the best bank in Nigeria. Thank you.

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