Banks in Nigeria are the backbone of the country’s economy. They drive trade, investments, and financial inclusion, helping individuals and businesses access essential financial services. Whether you’re looking for a bank to save your money, take a loan, or grow your business, understanding the banking sector is crucial.
Nigeria has a mix of commercial, merchant, microfinance, development, and non-interest banks. These institutions play different roles, from providing everyday banking services to funding large-scale projects. With so many options, choosing the right bank can be overwhelming. That’s why we’ve compiled this list of banks in Nigeria, highlighting 50 of the most prominent players in the industry.
In this article, we’ll explore the structure of the Nigerian banking sector, provide a detailed list of banks, and discuss their impact on the economy. Whether you’re an entrepreneur, investor, or everyday customer, this guide will help you make informed banking decisions.
See Also: The Difference Between IBAN and SWIFT Code
Brief History of Banking in Nigeria
The Nigerian banking system has come a long way. It started with the establishment of the African Banking Corporation in 1892, followed by First Bank of Nigeria in 1894. Over the years, the sector has evolved through various reforms.
A major turning point was the 2005 banking consolidation, led by the Central Bank of Nigeria (CBN). The policy raised the minimum capital requirement for banks, reducing their number from 89 to 25. This reform strengthened the sector and improved customer confidence. Today, the industry is more stable, competitive, and innovative.
The Structure of Nigeria’s Banking Industry
The Nigerian banking sector is diverse. Different banks serve different financial needs, from personal banking to large-scale investments. The main categories include:
- Commercial Banks – The most common banks, offering savings, loans, and business banking.
- Merchant Banks – Provide investment banking services and corporate finance.
- Microfinance Banks – Serve small businesses and individuals with limited access to traditional banking.
- Development Banks – Focus on funding key sectors like agriculture and industry.
- Non-Interest (Islamic) Banks – Operate on Sharia principles, avoiding interest-based transactions.
- Digital-Only Banks – Offer banking services without physical branches, relying on mobile apps and online platforms.
The Role of Banks in Nigeria’s Economy
Banks are the engine of Nigeria’s economy. Their functions go beyond savings and loans. Here’s how they contribute to national growth:
- Providing Financial Inclusion – Banks bring financial services to the unbanked, helping more Nigerians access credit, savings, and insurance.
- Supporting Businesses and SMEs – Banks provide capital and business loans, enabling startups and established companies to grow.
- Driving Investments – Banks attract both local and foreign investors, offering secure platforms for transactions.
- Enhancing Digital Banking – With the rise of fintech, banks now offer mobile banking, e-payments, and cashless transactions.
- Funding Infrastructure and Development – Development banks finance large projects in sectors like agriculture, transport, and energy.
Challenges Facing the Banking Sector in Nigeria
Despite its progress, the Nigerian banking industry faces several challenges:
- High Non-Performing Loans (NPLs): Many banks struggle with customers defaulting on loans.
- Regulatory Hurdles: The CBN and other regulators impose strict policies that sometimes slow down operations.
- Cybersecurity Threats: With digital banking rising, fraud and hacking risks are increasing.
- Competition from Fintech: Digital banks and payment platforms like Opay and Kuda are disrupting the traditional banking model.
Banks are investing in stronger security, customer-centric services, and innovative products to overcome these challenges.
See Also: Best Bank for Online Business in Nigeria – Complete Guide for Entrepreneurs
Future Trends in the Nigerian Banking Industry
The banking sector is evolving. Here are some key trends shaping the future:
- Rise of Digital-Only Banks: More Nigerians are embracing online banking, reducing the need for physical branches.
- Stronger Financial Inclusion Initiatives: Microfinance banks are expected to expand their services to rural areas.
- Blockchain and AI Integration: Some banks are exploring blockchain for secure transactions and AI for better customer service.
- Adoption of Cashless Policies: The government is pushing for a cashless economy, making digital payments more popular.
50 Popular Banks in Nigeria
With over 50 licensed banks in Nigeria, the financial sector is highly diverse and competitive. These banks cater to various needs, including personal banking, corporate finance, small business loans, and investment banking. Whether you are looking for a commercial bank for everyday transactions, a microfinance bank for small business support, or a merchant bank for large-scale investments, Nigeria has a broad range of financial institutions to serve your needs.
Below is a categorised list of banks in Nigeria, including commercial banks, merchant banks, non-interest banks, development banks, microfinance banks, and foreign banks operating in the country.
Commercial Banks
Commercial banks are the most common type of financial institutions in Nigeria. They offer services such as savings and current accounts, loans, digital banking, and corporate banking solutions. These banks serve individuals, SMEs, and large corporations.
1. Access Bank Plc
Access Bank is one of Nigeria’s biggest and most influential financial institutions. It became a major player in the banking sector after acquiring Diamond Bank in 2019, expanding its customer base and digital banking capabilities. Access Bank operates in over 12 countries, including the UK and across Africa. It offers retail, corporate, and investment banking services, with a strong emphasis on innovation and digital solutions.
2. First Bank of Nigeria Limited
Founded in 1894, First Bank is Nigeria’s oldest and most respected financial institution. It boasts one of the largest branch networks in the country and has built a reputation for reliability and stability. First Bank offers personal and business banking services, trade finance, asset management, and digital banking solutions. It has subsidiaries in several African countries, as well as the UK.
3. United Bank for Africa (UBA) Plc
UBA is one of Africa’s largest financial institutions, operating in over 20 African countries, the UK, the US, and France. It is known for its seamless cross-border banking services and strong digital banking innovations, including the AI-powered chatbot “Leo.” UBA provides retail banking, SME support, corporate banking, and wealth management services.
4. Zenith Bank Plc
Zenith Bank is one of Nigeria’s most profitable and technologically advanced banks. Established in 1990, it focuses on corporate banking, investment banking, and digital financial services. It has a strong presence in international trade and financial technology, with subsidiaries in Ghana, the UK, and other regions. Zenith Bank is known for its high customer service standards and innovative mobile banking solutions.
5. Guaranty Trust Bank (GTBank) Plc
GTBank is a leader in digital banking in Nigeria. It pioneered online banking and self-service banking in the country. Established in 1990, GTBank offers retail banking, corporate banking, SME financing, and investment services. It is highly rated for its customer service, efficient mobile banking app, and innovative banking solutions like GTWorld and *737# USSD banking.
6. Fidelity Bank Plc
Fidelity Bank is a commercial bank that focuses on retail and SME banking. Established in 1988, the bank has steadily grown its customer base by offering competitive savings accounts, business loans, and digital banking solutions. It has a strong presence in corporate and commercial banking and is a key player in Nigeria’s fintech ecosystem.
7. Union Bank of Nigeria Plc
Union Bank is one of Nigeria’s oldest banks, founded in 1917. It has undergone significant restructuring and now focuses on retail and digital banking. The bank offers personal loans, SME financing, corporate banking, and wealth management services. Its recent acquisition by Titan Trust Bank has strengthened its market position.
8. Sterling Bank Plc
Sterling Bank is known for its focus on sustainable banking, fintech integration, and SME support. It has positioned itself as a forward-thinking institution, embracing digital banking and green finance initiatives. Its innovative platforms, such as OneBank and Specta, provide customers with easy access to banking services and instant loans.
9. Polaris Bank Limited
Polaris Bank was established in 2018 as a bridge bank after the dissolution of Skye Bank. Since then, it has gained stability and built a strong retail and corporate banking presence. The bank focuses on digital transformation, offering innovative solutions such as VULTe, its digital banking platform, which provides seamless online transactions, instant loans, and investment options. Polaris Bank also has a wide network of branches across Nigeria, serving individuals, businesses, and government institutions.
10. Wema Bank Plc
Founded in 1945, Wema Bank is Nigeria’s oldest indigenous bank. Despite its long history, it has embraced digital transformation, becoming a leader in financial technology. Wema Bank is best known for launching ALAT, Nigeria’s first fully digital bank, which allows customers to open accounts, request loans, and carry out transactions without visiting a branch. The bank provides a full suite of financial services, including retail banking, SME banking, and corporate finance.
11. Ecobank Nigeria Limited
Ecobank Nigeria is part of the Ecobank Transnational Incorporated (ETI), a leading pan-African banking group with operations in over 30 countries. In Nigeria, it offers retail, corporate, and investment banking services, with a strong focus on international trade finance and cross-border transactions. Ecobank’s digital platforms, such as Ecobank Mobile App and RapidTransfer, make banking more accessible, especially for Nigerians with business interests across Africa.
12. Heritage Bank Plc
Heritage Bank is a mid-sized financial institution that prides itself on innovation and entrepreneurship support. The bank has positioned itself as a leader in SME banking, offering tailored financial solutions to startups and growing businesses. Through initiatives like the Youth Innovative Entrepreneurship Development Programme (YIEDP) and the Creative Industry Financing Initiative (CIFI), Heritage Bank provides funding and mentorship to young entrepreneurs in Nigeria.
13. Stanbic IBTC Bank Plc
Stanbic IBTC Bank is a subsidiary of Standard Bank Group, one of Africa’s largest financial institutions. It offers a range of financial services, including personal banking, business banking, investment banking, and wealth management. Stanbic IBTC is a top player in asset management and capital markets, providing investment solutions for both individuals and corporations. The bank is also known for its strong partnerships with international businesses and its focus on corporate social responsibility, particularly in education and healthcare.
14. Keystone Bank Limited
Keystone Bank was established in 2011 following the liquidation of Bank PHB. Since then, it has grown into a reliable financial institution offering personal banking, SME financing, and corporate banking services. Keystone Bank has made significant strides in digital banking with its Keystone Mobile App and USSD banking services, allowing customers to carry out transactions with ease. The bank also offers various business support initiatives, helping SMEs access funding and advisory services.
15. Titan Trust Bank Limited
Titan Trust Bank is one of Nigeria’s newest commercial banks, licensed by the Central Bank of Nigeria (CBN) in 2019. Despite being relatively new, it made a bold move by acquiring Union Bank of Nigeria in 2022, significantly increasing its market share. Titan Trust Bank focuses on innovation, customer service, and digital banking solutions. The bank provides retail banking, trade finance, corporate banking, and treasury services, aiming to redefine banking with speed and efficiency.
16. Globus Bank Limited
Globus Bank is a new-generation commercial bank that started operations in 2019. It aims to provide seamless banking services through a combination of modern technology and customer-centric policies. The bank offers retail banking, SME financing, and wealth management services. Its digital banking platform provides an easy way for customers to access financial services from anywhere, making it attractive to tech-savvy Nigerians.
17. Providus Bank Limited
Providus Bank is a specialised commercial bank that focuses on high-net-worth individuals and corporate clients. Unlike traditional retail banks, Providus Bank tailors its financial solutions to meet the specific needs of businesses and affluent individuals. It offers services such as investment banking, asset management, trade finance, and real estate financing. The bank is also known for its premium customer service and high-tech digital banking solutions.
Merchant Banks
Merchant banks in Nigeria provide financial services primarily to corporate clients, high-net-worth individuals, and government institutions. They focus on investment banking, asset management, trade finance, and advisory services. Unlike commercial banks, merchant banks do not offer regular savings or current accounts. Instead, they specialise in large-scale financial transactions such as mergers, acquisitions, and capital raising.
18. Coronation Merchant Bank Limited
Coronation Merchant Bank is one of Nigeria’s leading investment banks, offering wealth management, corporate finance, and treasury services. The bank is known for its expertise in capital market operations, trade finance, and risk management. Coronation Merchant Bank provides investment solutions for businesses looking to raise capital, issue bonds, or expand operations.
19. FSDH Merchant Bank Limited
FSDH Merchant Bank was originally a discount house before transitioning into a full-fledged merchant bank. It provides advisory services, asset management, securities trading, and corporate finance solutions. FSDH is highly regarded for its research and economic insights, which help businesses and investors make informed financial decisions.
20. Rand Merchant Bank Nigeria Limited
Rand Merchant Bank (RMB) is a subsidiary of FirstRand Bank, one of South Africa’s largest financial institutions. It offers a wide range of financial services, including investment banking, structured finance, infrastructure finance, and corporate advisory. RMB is known for funding major projects in sectors such as energy, telecommunications, and manufacturing.
21. Nova Merchant Bank Limited
Nova Merchant Bank is a modern financial institution focused on providing corporate banking, investment banking, and wealth management services. It is known for its strong focus on technology-driven financial solutions. Nova Merchant Bank also provides structured finance solutions for businesses looking to expand or invest in large-scale projects.
Non-Interest (Islamic) Banks
Non-interest banks, also known as Islamic banks, operate under Sharia-compliant banking principles. They do not charge or pay interest (riba) on transactions. Instead, they use profit-sharing models, leasing agreements, and ethical investments to generate revenue. These banks are open to all customers, regardless of religious background, as long as they adhere to Islamic financial principles.
22. Lotus Bank Limited
Lotus Bank is one of Nigeria’s newest non-interest banks, launched in 2021. It focuses on providing Sharia-compliant financial services, including business financing, ethical investments, and leasing solutions. Lotus Bank also offers digital banking solutions, making it easy for customers to manage their finances online.
23. Taj Bank Limited
Taj Bank is a leading Islamic bank in Nigeria, offering non-interest financial services to individuals and businesses. It operates under profit-sharing and ethical investment principles, ensuring that all financial transactions are interest-free. Taj Bank provides corporate banking, asset finance, and real estate investment solutions.
24. Jaiz Bank Plc
Jaiz Bank is Nigeria’s first and most established Islamic bank. Since its inception in 2012, it has grown to become the most recognised non-interest bank in the country. Jaiz Bank provides a wide range of banking products, including interest-free home financing, business loans, and ethical investment solutions. It also offers microfinance solutions to support small businesses and low-income earners.
Development Banks
Development banks in Nigeria are specialised financial institutions established to provide long-term funding for key sectors such as agriculture, infrastructure, housing, and small business development. Unlike commercial banks, they do not focus on profit-making but instead aim to stimulate economic growth by offering low-interest loans, grants, and business advisory services.
25. Development Bank of Nigeria (DBN)
The Development Bank of Nigeria (DBN) was established in 2017 to provide funding for Micro, Small, and Medium Enterprises (MSMEs). It does not lend directly to businesses but works through commercial and microfinance banks to offer affordable credit. DBN aims to bridge the gap in SME financing by providing long-term loans with flexible repayment terms.
26. Bank of Industry (BOI)
The Bank of Industry (BOI) is Nigeria’s largest and most influential development bank. It supports businesses in manufacturing, agriculture, technology, and creative industries by offering low-interest loans, grants, and advisory services. BOI plays a key role in industrialisation by funding startups and large-scale projects that create jobs and drive innovation.
27. Nigeria Export-Import Bank (NEXIM Bank)
The Nigeria Export-Import Bank (NEXIM) provides funding and trade facilitation services to businesses engaged in export activities. It focuses on non-oil exports, helping Nigerian companies expand into international markets. NEXIM offers export credit facilities, trade guarantees, and foreign investment support to boost Nigeria’s global trade presence.
28. The Infrastructure Bank Plc
The Infrastructure Bank Plc focuses on financing large-scale transportation, energy, water supply, and urban development projects. It works in partnership with the government and private sector to develop critical infrastructure across Nigeria. The bank provides long-term loans and advisory services to support national development goals.
29. Federal Mortgage Bank of Nigeria (FMBN)
The Federal Mortgage Bank of Nigeria (FMBN) is responsible for providing affordable housing finance to Nigerians. It operates the National Housing Fund (NHF), a scheme that enables workers to access low-interest mortgage loans. The bank partners with primary mortgage institutions to offer home financing options for civil servants, private-sector employees, and self-employed individuals.
Microfinance Banks
Microfinance banks (MFBs) are financial institutions that cater to individuals, small businesses, and low-income earners who may not have access to traditional banking services. They provide small loans, savings accounts, insurance, and financial literacy programs to help their customers grow financially.
30. AFEX Microfinance Bank Limited
AFEX Microfinance Bank is known for providing agricultural financing and business loans to farmers and small-scale traders. It supports rural communities with low-interest credit and savings products tailored for agribusinesses.
31. LAPO Microfinance Bank Limited
LAPO (Lift Above Poverty Organisation) Microfinance Bank is one of Nigeria’s largest and most established MFBs. It focuses on providing small business loans, group lending, and financial literacy programs to low-income earners, particularly women entrepreneurs.
32. Accion Microfinance Bank Limited
Accion Microfinance Bank offers a wide range of financial services, including individual and group loans, asset financing, and business advisory services. It leverages technology to provide easy access to credit for small businesses.
33. Mutual Trust Microfinance Bank
Mutual Trust MFB is a fast-growing microfinance bank that provides salary advance loans, SME financing, and digital banking solutions. It is known for its quick loan disbursement process and competitive interest rates.
34. Baobab Microfinance Bank
Baobab MFB is a subsidiary of the Baobab Group, a pan-African financial institution. It provides microloans, business expansion loans, and financial literacy training to small business owners in Nigeria.
35. VFD Microfinance Bank
VFD Microfinance Bank is a technology-driven institution that offers digital banking services, investment products, and SME financing. It is part of the VFD Group, which focuses on providing innovative financial solutions.
36. Sparkle Microfinance Bank
Sparkle MFB is a fully digital microfinance bank designed for individuals and businesses. It provides instant loans, business management tools, and expense tracking services through its mobile app.
37. Kuda Microfinance Bank
Kuda Bank is one of Nigeria’s most popular digital-only banks, offering zero-fee banking, instant loans, and automated savings plans. It has revolutionised banking by providing seamless financial services without physical branches.
38. FairMoney Microfinance Bank
FairMoney started as a mobile lending platform and has grown into a fully licensed microfinance bank. It provides quick loans, bill payments, and digital banking services through its mobile app. FairMoney is known for its instant loan disbursement process, allowing customers to access funds without collateral. It has expanded its services to include savings accounts, bank transfers, and investment options, making it a competitive player in Nigeria’s digital banking sector.
39. Moniepoint Microfinance Bank
Moniepoint MFB is a leading agency banking provider that helps small businesses process financial transactions. It operates through a vast network of POS agents, enabling merchants and business owners to accept card payments, withdraw cash, and manage business finances. Moniepoint has also introduced business loans, payroll solutions, and digital banking services to support small and medium enterprises (SMEs). It is one of Nigeria’s fastest-growing fintech-powered microfinance banks.
40. Carbon Microfinance Bank
Formerly known as Paylater, Carbon MFB has established itself as one of Nigeria’s most reliable digital lending platforms. It offers instant loans, bill payments, credit facilities, and investment opportunities through its mobile app. Carbon is unique because it provides free credit reports, a buy-now-pay-later service, and cashback rewards on transactions. It also allows customers to earn interest on savings, making it a well-rounded financial service provider.
41. Opay Digital Services (Microfinance Banking License)
Opay is a fintech giant that offers a range of financial services, including mobile banking, bill payments, loans, and merchant solutions. Originally launched as a mobile payments platform, Opay has expanded into a full-scale microfinance bank. It has a user-friendly mobile app that allows customers to send and receive money, top-up airtime, and pay utility bills with ease. Opay is widely used for transport services, food delivery, and online shopping payments, making it an integrated financial platform for Nigerians.
42. Eyowo Microfinance Bank
Eyowo is a cashless banking solution designed for individuals and businesses. It allows customers to perform transactions without a traditional bank account, using just their phone number. Eyowo provides instant loans, savings accounts, business financing, and payment services. One of its standout features is its ability to send and receive money without an ATM card, making it a valuable option for underbanked Nigerians.
43. PalmPay Microfinance Bank
PalmPay is a fast-growing digital banking platform that provides a seamless way for Nigerians to send money, pay bills, and make purchases online. It offers instant cashback rewards, merchant payment solutions, and zero-fee transactions on transfers between PalmPay users. PalmPay also partners with local businesses to provide easy payment solutions, making it a convenient choice for both individuals and small business owners.
Foreign Banks Operating in Nigeria
Foreign banks in Nigeria are branches or subsidiaries of international financial institutions. These banks bring global financial expertise, facilitate international trade, and provide corporate banking services to multinational companies and high-net-worth individuals. They also support foreign direct investment (FDI) by helping businesses navigate cross-border transactions.
44. Standard Chartered Bank Nigeria
Standard Chartered Bank is a global financial institution with a strong presence in Nigeria. It focuses on providing corporate and investment banking, wealth management, and digital banking services. The bank caters to high-net-worth individuals, multinational corporations, and international trade partners. Standard Chartered is known for its seamless foreign exchange services, trade finance solutions, and premium banking packages.
45. Citibank Nigeria Limited
Citibank Nigeria is a subsidiary of Citigroup, one of the world’s largest banking institutions. It primarily serves corporate and institutional clients, offering treasury solutions, risk management, cash management, and trade finance services. Citibank also plays a crucial role in facilitating foreign investments and cross-border banking transactions in Nigeria.
46. SunTrust Bank Nigeria Limited
SunTrust Bank is a hybrid bank that operates both as a commercial and digital bank. It is one of the newest banks in Nigeria, focusing on technology-driven banking services. SunTrust offers loans, investment banking, and trade finance solutions, catering to both retail and business customers. The bank is known for its efficient mobile banking services and its emphasis on cashless transactions.
47. Unity Bank Plc
Unity Bank is a Nigerian financial institution that focuses on agriculture financing, retail banking, and SME support. The bank is particularly active in providing funding for farmers, agribusinesses, and rural enterprises, helping to drive economic development in Nigeria’s agricultural sector. It also offers business loans, personal savings accounts, and digital banking solutions.
48. First City Monument Bank (FCMB) Plc
FCMB is a well-established Nigerian bank that provides retail banking, investment banking, and asset management services. It is known for supporting small and medium enterprises (SMEs), mortgage financing, and digital banking innovations. FCMB also operates in the UK, facilitating trade between Nigeria and Europe.
49. Mainstreet Microfinance Bank
Mainstreet Microfinance Bank is a leading MFB that provides microloans, financial advisory services, and business funding to individuals and small businesses. It is known for its quick loan processing and flexible repayment structures, making it a preferred choice for entrepreneurs and low-income earners.
50. Parallex Bank Limited
Parallex Bank started as a microfinance bank before transitioning into a fully licensed commercial bank. It offers personal banking, SME financing, corporate banking, and digital financial services. Parallex Bank is known for its customer-centric approach, flexible loan offerings, and competitive interest rates on savings and deposits.
Key Takeaways
- Nigeria’s banking sector is diverse – It includes commercial banks, merchant banks, development banks, microfinance banks, non-interest banks, and foreign banks.
- Commercial banks dominate the industry – These banks provide everyday banking services, including savings, loans, and business financing.
- Merchant banks focus on corporate and investment banking – They cater to high-net-worth individuals, businesses, and large-scale investors.
- Development banks provide long-term funding – They support key sectors such as infrastructure, agriculture, and manufacturing.
- Microfinance banks promote financial inclusion – They offer small loans, savings accounts, and business financing for low-income earners and small businesses.
- Non-interest banks operate under Islamic finance principles – They provide ethical and interest-free banking solutions.
- Foreign banks facilitate global trade and investment – They support international businesses and offer foreign exchange and cross-border transaction services.
Conclusion
Nigeria’s banking system is a vital part of the economy, providing financial services to individuals, businesses, and government institutions. With a mix of traditional commercial banks, specialised development banks, and innovative digital banks, the sector continues to evolve.
This list of banks in Nigeria serves as a guide to help you choose the right financial institution for your needs. Whether you’re looking for a secure place to save money, access to business financing, or seamless digital banking services, there’s a bank that fits your requirements.
As the banking sector continues to embrace digital transformation, financial inclusion, and innovative services, staying informed about available options can help you make smarter financial decisions.
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Frequently Asked Questions (FAQs)
How many banks are in Nigeria?
Nigeria has over 50 licensed banks, including commercial banks, merchant banks, development banks, microfinance banks, and non-interest banks.
What is the biggest bank in Nigeria?
The biggest banks in Nigeria by total assets and customer base include Access Bank, First Bank of Nigeria, United Bank for Africa (UBA), Zenith Bank, and Guaranty Trust Bank (GTBank).
What is the best bank in Nigeria for small businesses?
Banks like Fidelity Bank, Sterling Bank, FCMB, and LAPO Microfinance Bank offer excellent SME support, business loans, and advisory services tailored for small businesses.
What are the best digital banks in Nigeria?
Some of Nigeria’s best digital banks include Kuda Bank, ALAT by Wema, Carbon Microfinance Bank, and FairMoney Microfinance Bank. They offer seamless online banking, instant loans, and zero-fee transactions.
What is the difference between a commercial bank and a merchant bank?
A commercial bank serves individuals and businesses with regular banking services such as savings accounts, loans, and payments. A merchant bank focuses on corporate finance, investment banking, and wealth management, catering to businesses and high-net-worth individuals.
Which banks in Nigeria offer non-interest banking?
Nigeria’s non-interest (Islamic) banks include Jaiz Bank, Lotus Bank, and Taj Bank. These banks operate under Sharia-compliant finance principles, avoiding interest-based transactions.
Which banks in Nigeria support international transactions?
Banks like Standard Chartered Bank, Citibank Nigeria, UBA, and Stanbic IBTC provide international banking services, including foreign exchange, trade finance, and cross-border transactions
