Most patronized Banks in the city of Lagos

The Nigerian banking system is one that has been attracting a lot of investors and customers, there is a need to know the best banks in Nigeria for one to be able to efficiently transact and be well assured of the safety of one’s money or savings.

The Central Bank of Nigeria (CBN) is the governing body that houses them all, they provide each bank with every necessary license after they must have been scrutinized and deemed fit to operate a big institution like a bank.

Since we are discussing the best bank in both Nigeria and Lagos, we need to define what makes these banks the best, in present Nigeria, we believe in the popular saying “Walk the talk” which is, giving criteria for listing the bank below as the top bank in Nigeria today

RNN are able to list out the top ten best and most patronize banks in Lagos presently, these banks are trusted and work for all human class either you are a working-class, student, businessman or an investor.

1. ZENITH BANK 

Zenith Bank PLC is ranked as the best bank in Nigeria currently. Zenith Bank is also rated by Tier-one capital in the 2021 Top 1,000 World Bank ranking. This is a milestone achievement and it has seen the bank listed on the Nigerian Stock Exchange (NSE).

Zenith bank is a bank with class, they believed in quality rather than quantity, yet they are a mixture of both at their very best

The company is registered on the Nigeria Stock Exchange and the London Stock Exchange.

Zenith Bank has in excess of 500 branches and business workplaces in all states and the Federal Capital Territory.

Zenith bank has total assets worth over 4.7 trillion naira and about 6000 employees. The bank is without a doubt the best bank in Nigeria as recognized by international financial bodies.

Some of the awards won by Zenith Bank

*Best Commercial Bank in Nigeria – International finance magazine

*Best Corporate Governance Nigeria – International Finance Magazine

*Best Customer Service Bank Nigeria – Global Banking and Finance

*Best Bank in Corporate Governance – World Finance

*Most Customer focus bank in Nigeria – KPMG

Today Zenith has their mobile app, internet banking, ussd banking, Zenith Money etc to help fulfil their vision.

This is one of the most patronize bank in Nigeria and Lagos. It has 121 branches in Lagos State

2. GUARANTY TRUST BANK

GT Bank has always been known for pioneering new banking technologies, GT bank pioneered the popular banking shortcode all banks are embracing today when the management introduced *737# short code to the public. Many doubted the efficacy that how can the money be transferred from one account to another without the use of the internet

GT Bank has the highest number of customers and student between the age of 18-35 and also has the best customer relation service in the Nigerian Banking system, and a lot of positive reviews have been gotten to ascertain that.

The bank operates on a total asset value worth ₦3.287 Trillion Naira and a Shareholders support worth ₦575.6 Billion Naira and has more than 10,000 workers.

Awards won by GT Bank

*In 2016, GTBank got a few national and international awards for product and administration development and sound corporate administration.

*It was awarded the Best Banking Group by World Finance Magazine,

*The Most Innovative African Bank by The African Banker Magazine

* The Best Bank in Nigeria and Best Digital Bank in Africa by Euromoney Magazine

GT Bank is the bank with fewer branches in Lagos (4) branches

3. ACCESS BANK OF NIGERIA

Access Bank is directly one of the five biggest banks in Nigeria as far as assets, loans, deposits, and branch networks are concerned.

The merger of Access Bank and Diamond Bank on 1 April 2019 has made Access Bank the biggest bank in Africa.

The CEO of the Access Bank declared that the bank is now the largest retail bank in Nigeria after its acquisition of Diamond Bank spanning through the three continents, 12 countries and 29 million customers.

It has 98 branches in Lagos

4. FIRST BANK OF NIGERIA

First Bank of Nigeria Limited (FirstBank) is the best bank in Nigeria and tops the list of the oldest Banks in Nigeria.

First Bank is one of the oldest banks, it was founded in 1894 and was known as Bank of British West African, For more than 126 years, it has been the Nation’s foremost financial incorporation administration supplier.

It offers a far-reaching scope of retail and corporate financial administrations through in excess of 44,000 business outlets to more than 17 million client accounts.

With a Firstbank, you are practically a banker on your own because with the introduction of the FBN short code *894# and mobile app which can be downloaded from the Google play store, you can send or receive money from your bank or other banks

FirstBank operates along with four key Strategic Business Units (SBUs) – Retail Banking, Corporate Banking, Commercial Banking, and Public Sector Banking.

First Bank is the most patronize bank in Lagos with 141 branches

5. UNITED BANK OF AFRICA

United Bank for Africa (UBA) Plc has also made it to this list of best banks in Nigeria and also in Lagos

It is a main pan-African financial administration group whose headquarters is located in Nigeria, it has 49 branches in Lagos State

6. UNION BANK 

Union Bank is an enormous commercial bank, serving people, small and medium-sized companies, just as huge partnerships and associations.

In July 2009, it was appraised as the 556th biggest bank in the world and the fourteenth biggest bank in Africa.

Union bank has 72 branches in Lagos

7. STANBIC BANK

Stanbic IBTC Holdings usually alluded to as Stanbic IBTC, is a financial services holding company in Nigeria with backups in banking, stock financier, pension, and trustee businesses.

Stanbic IBTC Holdings is a subsidiary under the Standard Bank Group, a financial administration located situated in South Africa.

Stanbic Bank has 57 branches in Lagos state

8. FIDELITY BANK

It is authorized as a commercial bank with international authorization, by the Central Bank of Nigeria (CBN), the central bank and national banking authorities.

In 2017, Fidelity Bank was ranked the 4th best bank in Nigeria in the KPMG Banking Industry Customer Satisfaction Survey (BICSS).

With over 240 branches and 774 ATMs, the bank is committed to reaching every Nigerian wherever they are with excellent financial services.

Fidelity Bank have 59 branches in Lagos

9. ECOBANK 

Ecobank is also a very popular bank in Nigeria, it has been on for quite some time now and has been consistent with their banking service to their customers. The government worker usually loves to patronize this bank most especially the military personnel.

The bank started financial activities in 1989. Ecobank operates as a universal bank, giving wholesale, retail, corporate, speculation, and exchange banking administrations to its clients in the Nigerian market.

The Bank’s operations are divided mainly into 3 groups: (a) Retail Banking (b) Wholesale Banking and (c) Treasury and Financial Institutions. Ecobank also offers capital markets and many other banking administrations.

Ecobank has 63 branches in Lagos

10. STERLING BANK

As one of the best banks in Nigeria, their operations and services are divided into four categories:

Retail Banking, Consumer Banking, Commercial Banking, and Corporate Banking which covers a few parts including Telecommunications, Power and Steel, Food and Beverages among others

Stanbic have branches of 130 in Lagos