All You Need To Know About The Richest Bankers In Nigeria

All You Need To Know About The Richest Bankers In Nigeria
Nigeria being one of the strongest economies of Africa has a lot of powerful business men.
These men, starting from Dangote, Ibeto, Innoson, Leo Stan, Adenuga, Ubah, Sowore and so many others are doing exceeding great in the different business industries in Nigeria. However, the financial pillars of the country do not depend only on these as the bankers in Nigeria cannot be over looked in the course of our researches.
We have written all you need to know about the richest bankers in Nigeria and of course, the richest banks in the country too.

The Richest Bankers In Nigeria

The top 5 richest bank CEOs in the country manage the some of the top banks in the country too. They also run other powerful businesses aside the banks and these help them keep it at the top. We will see them below:

- Pascal Dozie (CEO Diamond Bank)

Paschal Dozie is the founder of the powerful Nigerian Diamond bank. He was the former chairman and his net worth is about $1.1 billion. He is also a non-executive partner and co-founder of the African Capital Alliance.
Aside that, he is the founder of another company, the Kunoch Limited. He also serves as the co-chairman of the Commonwealth Business Council Board and the Chairman of MTN Communications, Nigeria.

- Tony Elumelu (CEO United Bank for Africa)

Tony is a Nigerian top real estate agent and powerful business guru, with investments including Transcorp. His net worth is around $1 billion and owns a major stock in the UBA. He was ranked in Forbes 2014 as the 26th richest African man and served as the CEO of the United Bank for Africa until 2010.
He is also the founder of an African based non-governmental organization, the Tony Elumelu foundation. He is happily married to Dr. Awele Elumelu and they are blessed with 5 issues.

- Jim Ovia (CEO Zenith Bank)

Jim is the chairman and founder of one of Nigeria's largest banks, the Zenith Bank PLC. His net worth is around $980 million and he holds a stake of 9.3% in the bank, making him the largest stake holder. He was rated the 30th richest African man by Forbes in the year 2014.
Aside the Zenith Bank PLC, he also founded the Visafone Telecommunications Limited. Tony is the proprietor of the University of Information and Communication Technology located in Agbor, Delta State. He is happily married to Mrs. Kay Ovia and they have two issues.

Tajudeen Afolabi Adeola (CEO Guarantee Trust Bank)

Fola Adeola is the co-founder of one of Nigeria's powerful banks, the Guarantee Trust Bank and has been the CEO from 1990 (its inception) till 2002 when he voluntarily retired.
Aside that, he is the chairman and founder of a non-governmental organization, the FATE foundation and is happily married to Hadara Adeola. They are blessed with four children.

Subomi Balogun (CEO First City Monument Bank)

Mr Otunba Michael Subomi Balogun is the founder of another Nigerian powerful bank, the First City Monument Bank and the entire FCMB group. He is a trail blazer in the business niche and a pillar in the Nigerian business and financial sector. The FCMB is now a top business and is being headed by his son, Mr. Ladi Balogun. He is happily married to Mrs.Olori Abimbola Balogun. Their relationship is blessed with four children.

What Are The Richest Banks In Nigeria?

We have discussed the richest bankers in Nigeria, now we have to know the top banks in the country. Their are over 21 registered banks in the country and all are functioning properly, however there must be a ranking.
Judging from their net worth, years of establishments and much more, we can tell which Nigerian bank is better than the other.

- Guarantee Trust Bank (GTB)

The GTB is one of West Africa's top financial institutions and one of the most profitable banks in Nigeria. Their buildings and mode of operation are even one of the best, if I were to judge. They are number one in our 2018 list and also made it from the 2017 list. I believe they will still be the best in 2019, 2020 and subsequent years if they continue this way. Their assets are worth over $11 trillion.

- First Bank Of Nigeria

They are the first bank, and truly the first. It has become a multi-national establishment and can be found in countries beyond Africa such as the United Kingdom, China, France, South Africa and even Congo. They recently acquired one of the top banks in Congo, Banque International de Credit (BIC) and have assets estimated to be net worth $21 billion.

- Ecobank PLC

After acquiring the Oceanic Bank PLC, their worth of assets sprang up to above $6 billion. Their total assets worth more than $20 billion and they are a subsidiary of the Ecobank - Panafrican Bank which exist in over 32 countries.

- Zenith Bank PLC

The Zenith Bank of Nigeria started their operations in 1990 but went public around 2004. Their total assets worth above $15 billion and have branches in countries such as Ghana, Gambia, Sierra Leone, the United Kingdom and South Africa.

- Access Bank PLC

Having started their operations in the year 1989, they began a full operation after receiving their licence from the Central Bank of Nigeria (CBN) in 1998. They acquired the Intercontinental Bank, another top Nigerian bank recently making them have a customer base of over 6 million. They have over 300 branches and more than 1500 ATM depots all over the country. The business is worth around $12 billion.

- United Bank for Africa

The United Bank for Africa, popularly known as UBA have over 700 million customers worldwide and nearly 1000 branches in Nigeria and Africa as a whole. They also have branches in some other parts of the world like the United States, the United Kingdom and France. The bank merged with the Standard Trust Bank and have assets worth over $12 billion now.

- Diamond Bank PLC

The Diamond Bank was incorporated on the 20th of December, 1990 and is among the top banks in Nigeria. Their assets worth more than $7 billion.

- Union Bank of Nigeria

This is also one of the oldest banks in the country and in the year 2009, was ranked the 14th largest bank in Africa and the 556th largest bank in the whole world. This will give you a hint of the power they command in the niche. They have branches in some other major cities of the world such as London, Jo'burg, Benin Republic and even beyond. Their assets worth over $6 billion.

- Fidelity Bank

Having transformed from the former Fidelity Union Merchant Limited to what it is now, it was founded in the 1988. They have over 2 million customers and have assets worth over $6 billion.

- Skye Bank

The Skye Bank is the last in our list of the top ten banks, but it is not the least. With subsidiaries all over the world, they are well represented in other countries like Angola, Liberia, Republic of Guinea and Equatorial Guinea. Their assets worth around $4 billion.

Complete List Of All The Banks In Nigeria

Aside the top ten banks listed above, there are other banks in the country and we will not fail to mention they all together. The list is in no definite order.
The banks in Nigeria include:
- Central Bank of Nigeria
- Standard Chartered Bank
- Stanbic IBTC Bank Nigeria Limited
- Diamond Bank
- Rand Merchant Bank
- Fidelity Bank
- FSDH Merchant Bank
- United Bank for Africa
- Access Bank Nigeria
- Keystone Bank Limited
- Zenith Bank
- Heritage Bank PLC
- Skye Bank
- Union Bank
- Ecobank PLC
- First Bank of Nigeria
- Guarantee Trust Bank
- Citibank
- Sterling Bank
- Suntrust Bank Nigeria Limited
- Wema Bank
- Providusbank Plc
- Jaiz Bank Limited
- FCMB Group Plc
- FBN Merchant Bank
- FBN Holdings Plc
- Coronation Merchant Bank
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