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PR: 7
| Ecobank Nigeria Plc ETI, a public limited liability company, was established as a bank holding company in 1985 under a private sector initiative spearheaded by the Federation of West African Chambers of Commerce and Industry with the support of ECOWAS. In the early 1980’s the banking industry in West Africa was dominated by foreign and state-owned banks. There were hardly any commercial banks in West Africa owned and managed by the African private sector. ETI was founded with the objective of filling this vacuum. ETI commenced operations with its first subsidiary in Togo in March 1988. Today, the Ecobank Group is a full-service regional banking institution employing over 8,000 staff in over 500 branches and offices in twenty five (25) west, central and east and southern African countries namely Benin, Burkina Faso, Burundi, Cape Verde, Cameroon, Central African Republic, Chad, Congo Brazzaville, Democratic Republic of Congo, Côte d'Ivoire, Gambia, Ghana, Guinea, Guinea Bissau, Kenya, Liberia, Malawi, Mali, Niger, Nigeria, Rwanda, Sao Tome & Principe, Senegal, Sierra Leone and Togo. |
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PR: 5
| Access Bank Nigeria Limited Access Bank Plc serves over 2 million customers through our 120 branches and business offices located in all major commercial centres and cities across Nigeria, and 6 other African countries namely: Cote D’Ivoire, Democratic Republic of Congo, Rwanda, Sierra Leone, The Gambia and Zambia.We are currently(2009) ranked the 6th largest bank in Nigeria with shareholder's funds in excess of $1.4billion (N166billion), Assets and Contingents in excess of N1.2trillion and a deposit base in excess of N700billion.Our bank has a risk assessment rating of AA- by Global Credit Rating (GCR –South Africa). A- by Agusto & Co (Nigeria) and BBB by Fitch Ratings Ltd (New York). |
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PR: 5
| Bank PHB (Platinum Habib Bank) A leading financial services institution located in Nigeria, Bank PHB is strongly positioned as Africa’s fast emerging centre of innovative financial solutions to a growing and diverse global customer base (as at 2009). Our strategic intent is to build a diversified franchise, creating superior value for all stakeholders through unrivaled customer service experience, superior shareholder value, a conducive workplace, and commitment to corporate citizenship. |
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PR: 5
| Diamond Bank Plc Diamond Bank Plc began as a private limited liability company on March 21, 1991 (the company was incorporated on December 20, 1990). Ten years later, in February 2001, it became a universal bank. In January 2005, following a highly successful Private Placement share offer which substantially raised the Bank's equity base, Diamond Bank became a public limited company. In May 2005, the Bank was listed on The Nigerian Stock Exchange. Moreover, in January 2008, Diamond Bank's Global Depositary Reciepts (GDR) was listed on the Professional Securities Market of the London Stock Exchange.Today, Diamond Bank is one of the leading banks in Nigeria* - respected for its excellent service delivery, driven by innovation and operating on the most advanced banking technology platform in the market. Diamond Bank has over the years leveraged on its underlying resilience to grow its asset base and to successfully retain its key business relationships. And like a diamond, our strength makes us even more valued and valuable. |
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PR: 5
| Guaranty Trust Bank Plc Guaranty Trust Bank plc was incorporated in July 1990, as a private limited liability company wholly owned by Nigerian individuals and institutions. We were licensed as a Commercial Bank in August 1990 and commenced operation in February 1991. |
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PR: 5
| Intercontinental Bank Plc Intercontinental Bank's Shareholders' Fund is now over N200 billion (as at 2009) from a share capital N12 million in 1989.Total assets plus contingents is N1.7 trillion as at February 2008, while Total Deposit liabilities stood at N1.08 trillion. |
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PR: 5
| Oceanic Bank International Nigeria Ltd The Bank commenced business on June 12, 1990 at the Waterfront Plaza, Plot 270, Ozumba Mbadiwe Avenue, Victoria Island, Lagos. It was listed on the Nigerian Stock Exchange on June 25, 2004, with business offices located in several parts of Nigeria. |
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PR: 5
| Skye Bank Nigeria Ltd. Skye Bank is historically one of the oldest banks in Nigeria and West Africa with a cumulative wealth of experience that spans over 50 years. It is a publicly quoted company with over 300,000 shareholders that has a shareholding structure that puts no more than 5% in the control of any one individual or company. |
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PR: 5
| Stanbic IBTC Bank Ltd. The Standard Bank Group merged its Nigerian operations, Stanbic Bank Nigeria with that of IBTC Chartered Bank PLC. The merger was legalised on the 24th of September 2007.Stanbic IBTC Bank PLC through its wholly owned stock broking and asset management subsidiary, IBTC Asset Management Limited has several excellent mutual funds including the IBTC Nigerian Equity Fund, which is Nigeria’s largest mutual fund with a net asset value in excess of N25 billion (as at December 2007). It is the only bank that has a direct subsidiary that is a pension fund administrator; through the market leading IBTC Pension Managers Limited (IPML).Stanbic IBTC Bank PLC offers its clients a wide range of corporate, investment, business and personal banking products and solutions. |
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PR: 5
| United Bank For Africa Plc. (UBA) Today’s United Bank for Africa Plc (UBA) is the product of the merger of the old UBA and the erstwhile Standard Trust Bank Plc (STB), and a subsequent acquisition of the erstwhile Continental Trust Bank Limited (CTB).Our history dates back to the founding of the old UBA in 1961, and the erstwhile STB and CTB both in 1990. Although today’s UBA emerged at a time of industry consolidation induced by regulation, the consolidated UBA was borne out of a desire to lead the domestic sector to a new era of global relevance by championing the creation of the Nigerian consumer finance market, leading a private/public sector partnership at supporting the acceleration of Nigeria’s economic development, and growing the institution from a banking to a one-stop financial services institution. |
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PR: 5
| Zenith Bank Plc Zenith Bank Plc was established in May 1990 and started operations in July same year as a commercial bank. It became a public limited company on June 17, 2004 and was listed on the Nigerian Stock Exchange on October 21, 2004 following a highly successful Initial Public Offering (IPO). The bank presently (2009) has a shareholder base of over one million, an indication of the strength of the Zenith brand. |
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PR: 4
| Afribank Nigeria Plc. Afribank Nigeria Plc is the parent company of the Afribank Group. The highly diversified financial group boasts of a full service commercial bank, Afribank Capital Market, an off-shore finance company in Dublin, Ireland, a stock broking company, an insurance brokerage company, a trustees and assets management company and an estate development company. The consistent growth of this financial super structure has continued to exemplify the Bank’s position as Nigeria’s “one-stop bank”. |
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PR: 4
| Fidelity Bank Plc Fidelity Bank Plc began operations in 1988, as a merchant bank. In 1999, it converted to commercial banking and then became a universal bank in February 2001. |
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PR: 4
| First Bank Nigeria Plc The Bank was incorporated as a limited liability company on March 31, 1894, with Head Office in Liverpool by Sir Alfred Jones, a shipping magnate. It started business in the office of Elder Dempster & Company in Lagos under the corporate name of the Bank for British West Africa (BBWA) with a paidup capital of 12,000 pounds sterling, after absorbing its predecessor, the African Banking Corporation, which was established earlier in 1892. In its early years of operations, the Bank recorded an impressive growth and worked closely with the Colonial Government in performing the traditional functions of a Central Bank, such as issue of specie in the West African sub-region. To reposition and take advantage of opportunities in the changing environment, the Bank had at various times embarked on restructuring initiatives. In 1957, it changed its name from Bank of British West Africa to Bank of West Africa. In 1969, the Bank was incorporated locally as the Standard Bank of Nigeria Limited in line with the Companies Decree of 1968. Changes in the name of the Bank also occurred in 1979 and 1991, to First Bank of Nigeria Limited and First Bank of Nigeria Plc, respectively. In 1985, the Bank introduced a decentralised structure with five regional administrations. |
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PR: 4
| Sterling Bank Nigeria Ltd. As a full-service universal financial institution, we provide comprehensive financial services to a broad range of customers. Sterling Bank has taken into consideration the enormous opportunities provided by recent developments in the Energy, Telecommunication, Commerce and Manufacturing as well as transportation sectors of the Nigerian economy. |
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PR: 4
| Union Bank Of Nigeria Plc. Union Bank of Nigeria Plc was established in 1917 as a Colonial Bank with its first branch in Lagos. In line with the Central Bank of Nigeria's banking sector consolidation policy, Union Bank of Nigeria Plc acquired the former Universal Trust Bank Plc and Broad Bank Ltd and absorbed its erstwhile subsidiary Union Merchant Bank Ltd. The Bank also increased its shareholders' funds through a Public Offer/Rights Issue in the last quarter of 2005. With these developments, Union Bank remains one of the most capitalised banks in Nigeria. |
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PR: 4
| Wema Bank Plc Wema Bank Plc was incorporated in May 1945 as a private limited liability company and commenced business operations as a commercial bank in the same year. The Bank was converted to a public limited liability company in April 1987 and was subsequently listed on the floor of the Nigerian Stock Exchange in January 1990. |
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PR: 4
| First City Monumental Bank Plc First City Monument Bank Plc (FCMB) is a universal banking institution headquartered in Nigeria and has over 140 branches across the country.The bank was licensed in 1982 and was the leading merchant bank in Nigeria till its transformation at the turn of the 21st century into a universal bank in 2001. This required a change of name from First City Merchant Bank to First City Monument Bank retaining its well known acronym; FCMB.Three years after transformation to a universal bank, FCMB became a public limited liability company and its shares were listed on the Nigerian Stock Exchange (NSE), also successfully raising over N16 billion via its Initial Public Offering in 2005. |
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PR: 3
| Equitorial Trust Bank Limited Equitorial Trust Bank Limited was incorporated as a Limited Liability Company on January 30, 1990 and granted commercial banking licence on February 7, 1990.We commenced business on March 1, 1990 and currently have 70 branches in commercial nerve centres in Nigeria.In Lagos, Nigeria’s business capital, ETB has 28 branches located in strategic parts of the city.We also have a branch in Abuja, Nigeria’s seat of government. |
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PR: 3
| Spring Bank Nigeria Ltd. In line with the Central Bank of Nigeria (CBN) directive of July 6, 2004 on bank capitalisation and consolidation, ACB International Bank Plc, Citizens International Bank Plc, Fountain Trust Bank Plc, Guardian Express Bank Plc, Omega Bank Plc, and Trans International Bank Plc merged to form Spring Bank Plc.Following a successful acquisition of over 51% stake in the bank by Bank PHB on December 18, 2008 Spring Bank Plc became a part of the Bank PHB Group. The synergy resulting from this union immediately places at the disposal of our customers the benefits of a wide branch network, an array of innovative, technologically driven products and services, delivered with passion as well as a sturdy and stable institution managed by capable hands in the industry. |
| New Banking License Requirements Central Bank of Nigeria's Requirements for New Banking License, Preliminary Requirements for Grant of Approval-In-Principle, Requirements for Grant of Final License and Pre-Commencement of Operation Requirements | |
Jonathan urges SMEs to take advantage of N500bn bail-out - The Punch
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Nigeria: Shell Withholds $40 Billion Deepwater Investments - AllAfrica.com
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Shareholders approve N100bn fresh capital for Sterling Bank - The Punch
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Lifeline for microfinance banks - NEXT
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World Bank provides $46 million for airport upgrades - NEXT
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5 killed in Akure bank robberies •Millions of naira carted away - Nigerian Tribune
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N2.8bn litigation: Wema Bank petitions EFCC - Nigerian Tribune
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Nigeria: Union Bank Returns to Profitability, Posts N3 Billion Q1 Profit - AllAfrica.com
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World Bank praises Nigeria for improved airport safety - NEXT
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Nigeria's Bank PHB sees Q3 return to pre-tax profit - Reuters
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