Top 10 Best Banks In Nigeria (2020)

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So, which among these Nigerian banks is best to open a savings or current account with and save your hard earned money in?

Using various reviews and experience, we shall list 10 best banks in Nigeria that you can trust to save your funds in, be you a civil servant, business man, student, trader, etc.

Here are Top 10 Best Banks in Nigeria:

10. Polaris Bank

Polaris Bank is one of the largest Nigerian Banks with assets totaling about $4 billion. Based on customers reviews, they have proven to be among the top ten banks to open an account with in Nigeria.

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Formerly Skye Bank, this financial institution is currently quoted on the Nigerian Stock Exchange (NSE) and have presence in other African countries such as Sierra Leone, the Republic of Guinea, Angola and Liberia.

9. Fidelity Bank

Fidelity is another reliable Nigerian bank that has come a long way in maintaining its reputation among Nigerians and in the banking industry. With over 2.5 million customers patronizing this bank, it is impossible to not notice them. What we know is that they are popular among market women.

This licensed bank was established in 1988 and has assets worth over $6.51 billion. Fidelity Bank has promoted the corporate banking sectors as well as Micro Small and Medium Enterprises (MSMEs). The increase in savings deposits over the last three years via their mobile and internet banking products, shows that their retail digital banking service is one of the best.

8. Union Bank of Nigeria

Union Bank of Nigeria, one of the oldest commercial banks in Nigeria was established in 1917 as a top financial institution to cater for small, medium sized companies, and major corporations. Ranked among the richest banks in the country with an asset base of $6.8 billion, UBN has cemented trust among Nigerians.

This bank is good for opening a savings account as a student or civil servant in the country. They also offer loan services to their customers with low interest rate. One thing I am sure of is that they are one of the highest paying banks in Nigeria this 2020.

With over 400 Union Bank branches scattered around every state in the country, you can easily walk into any of these branches an either open a current, savings or even domiciliary account. Their ATM service is also available 24/7.

7. Access Bank Nigeria PLC

Access bank is another customer friendly Nigerian bank ranked among the best to bank with. With their recent acquiring of Diamond bank PLC, they have even gotten stronger and are one of the few banks in Nigeria with the largest customer base.

Access bank Nigeria began operations in 1989 with license to operate as a financial institution from the Central Bank of Nigeria. The bank plans to be a leader in the Nigerian banking industry in the nearest future. To prove this, Access Bank acquired Diamond and Intercontinental Banks respectively and have the highest number of ATMs across the country for easy day to day transactions.

6. United Bank for Africa (UBA)

UBA is one of the best banks in Nigeria that provides real digital banking service at its peak. They have one of the best customer care service and would respond well to any of your queries until you are satisfied.

With over 500 branches across the continent and 10 million customers in Nigeria, UBA is a trustworthy bank to save your money in. The bank charges are less when compared to other new generation commercial banks. UBA is also worth $13.2 billion in terms of acquired assets.

Read Also: List of all Nigeria Bank Transfer Codes

5. Ecobank Nigeria

Ecobank Nigeria, is another old commercial bank operating in Nigeria with many branches all over the country. Most military officers prefer using this bank to open a salary account as well as civil servants.

Ecobank operates in 32 countries with its headquarters in Lome. This financial institution offers banking services such as wholesale, retail, loans, savings, investments, debit and credit cards, corporate, investment and transaction banking services to their customers…….SEE FULL

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