SIX SAFEST BANKS IN NIGERIA

download 46 2

SIX SAFEST BANKS IN NIGERIA

When it comes to choosing a commercial bank in Nigeria, safety and stability are key factors to consider.

You want to ensure that your hard-earned money is in good hands and that the bank you choose is financially healthy.

In this article, we will explore the six safest and healthiest commercial banks in Nigeria.

1. First Bank of Nigeria

First Bank of Nigeria is one of the oldest and most reputable banks in the country. With over 125 years of experience, it has built a strong reputation for stability and reliability.

The bank is licensed by the Central Bank of Nigeria and is a member of the Nigerian Deposit Insurance Corporation (NDIC), which provides deposit insurance for customers.

First Bank of Nigeria offers a wide range of banking services, including personal and corporate banking, investment banking, and wealth management.

The bank has a strong capital base and consistently reports good financial performance, making it a safe choice for customers.

2. Zenith Bank

Zenith Bank is another top commercial bank in Nigeria known for its safety and stability. The bank has been in operation for over 30 years and has a solid track record of financial performance.

It is licensed by the Central Bank of Nigeria and is a member of the NDIC.

Zenith Bank offers a comprehensive range of banking services, including retail banking, corporate banking, and treasury services.

The bank has a strong risk management framework in place, ensuring the safety of customer deposits and investments.

3. Guaranty Trust Bank

Guaranty Trust Bank, also known as GTBank, is one of the leading commercial banks in Nigeria. The bank has consistently ranked among the top banks in the country in terms of financial performance and customer satisfaction. It is licensed by the Central Bank of Nigeria and is a member of the NDIC.

GTBank offers a wide range of banking services, including retail banking, corporate banking, and e-banking solutions. The bank has a strong focus on technology and innovation, providing customers with convenient and secure banking experiences.

4. Access Bank

Access Bank is a reputable commercial bank in Nigeria with a strong presence both locally and internationally. The bank has a solid financial track record and is licensed by the Central Bank of Nigeria. It is also a member of the NDIC.

Access Bank offers a wide range of banking services, including personal banking, business banking, and international banking. The bank has a strong commitment to customer satisfaction and has received several awards for its excellent service delivery.

5. United Bank for Africa

United Bank for Africa (UBA) is one of the largest commercial banks in Nigeria, with a strong presence across Africa. The bank has a long history of financial stability and is licensed by the Central Bank of Nigeria. It is also a member of the NDIC.

UBA offers a wide range of banking services, including retail banking, corporate banking, and investment banking. The bank has a strong focus on digital banking solutions, providing customers with convenient and secure ways to manage their finances.

6. Stanbic IBTC Bank

Stanbic IBTC Bank is a subsidiary of Standard Bank Group, one of Africa’s largest banking groups. The bank has a strong financial position and is licensed by the Central Bank of Nigeria. It is also a member of the NDIC.Stanbic IBTC Bank offers a wide range of banking services, including personal banking, business banking, and wealth management. The bank has a strong commitment to customer satisfaction and has received several awards for its excellent service delivery.

  • Dons Eze

    DONS EZE, PhD, Political Philosopher and Journalist of over four decades standing, worked in several newspaper houses across the country, and rose to the positions of Editor and General Manager. A UNESCO Fellow in Journalism, Dr. Dons Eze, a prolific writer and author of many books, attended several courses on Journalism and Communication in both Nigeria and overseas, including a Postgraduate Course on Journalism at Warsaw, Poland; Strategic Communication and Practical Communication Approach at RIPA International, London, the United Kingdom, among others.

    Related Posts

    FG DECLARES END OF FUEL, FOREIGN EXCHANGE SUBSIDIES

    FG DECLARES END OF FUEL, FOREIGN EXCHANGE SUBSIDIES The federal government has officially ended fuel and foreign exchange subsidies, Minister of Finance and Coordinating Minister of the Economy Wale Edun revealed on Thursday. The minister made the announcement during the presentation of the Nigeria Development Update by the World Bank in Abuja. The subsidies, the government said drained the country’s economy to the tune of N10 trillion, equivalent to five percent of Nigeria’s Gross Domestic Product (GDP). “Fuel and FX subsidy are extinguished,” Edun declared. To address the pressing issue of unemployment, the government has unveiled a new plan focused on housing finance. This initiative features a mortgage scheme offering near single-digit interest rates, aimed at boosting construction activities and generating significant job creation. “The plan will be anchored around mortgage and housing financing,” Edun stated. At the same event, Central Bank of Nigeria (CBN) Governor, Mr. Olayemi Cardoso, shed light on the recent half-percent interest rate hike. He said the Monetary Policy Committee (MPC) had anticipated the latest inflation trends, prompting the decision to increase the rate. “Policies and decisions will be based on evidence and data going forward,” Cardoso said.

    TINUBU GOVT PLANS N25% TAX ON WEALTHY NIGERIANS EARNING N100M MONTHLY

    TINUBU GOVT PLANS 25% TAX ON WEALTHY NIGERIANS EARNING N100M MONTHLY The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has said that 90 percent of those paying tax are those who should not be paying in the first place. He made this declaration at the 30th Nigeria Economic Summit organised by the Nigerian Economic Summit Group and the Ministry of Budget and National Planning on Monday in Abuja. “People will pay tax once we decide that they have to pay. What we realise is that almost 90 per cent of people who are paying taxes are those who should not have been paying in the first place,” According to him 97 percent of those in the informal sector should be formally exempted from tax. “So that’s where we came up with the data that 97 per cent of the informal sector should be formally exempted from taxes. People do not understand where we are coming from. They’re not the ones to pay taxes. They’re just trying to survive.” He further revealed the plan of the government to tax wealthy Nigerians more. “Wealthy Nigerians earning N100million and above monthly will face a 25 per cent personal income tax rate if a new tax bill is passed by the National Assembly.” He stressed that there is a need to strike a balance by ensuring that wealthy Nigerians contribute more to the government’s revenue. “If you earn N100m a month, we are taking up to 25 per cent from the rich people. That’s because we need to balance the books,” Oyedele noted. For middle-income earners making N1.5m or less per month, Oyedele disclosed that their personal income tax obligations would decrease while those earning higher amounts would see incremental increases in their tax rates, eventually reaching 25 percent. Lower-income earners would be fully exempt from personal income tax. There have been discussions about new tax policies by the government especially with moves to multiple taxation for businesses. He added that the proposed changes are expected to take effect from January 2025, based on the passage of the bill by lawmakers.

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    NIGERIA LOSES 855,629 METRIC TONNES OF FOOD TO FLOODS IN 2024 – FAO

    NOBODY IS WORKING FOR THIS GREAT COUNTRY – JOE IGBOKWE LAMENTS

    HOW FG PACIFIED LABOUR WITH PROMISES TO COMPLETE FIVE REFINERIES, PAY ARREARS

    NLC REJECTS COURT RULING ON ABURE LEADERSHIP OF LABOUR LEADERS

    MINIMUM WAGE UPDATE: STATES PAYING N70, OOO AND ABOVE

    LP CRISIS: INEC RECOGNISES ABURE FACTION AFTER COURT JUDGEMENT