It’s time to rate the Nigerian banks according to their performance. You can search in this article to know if your bank is among the best banks in Nigeria or if there is need to change to get a better service. There are 21 licenced commercial banks in Nigeria but we will be ranking the best 10 banks in this article.
10. Polaris Bank

Polaris Bank is one of the largest Nigerian Banks with assets totaling about $4 billion. Based on customers reviews, they have proven to be among the top ten banks to open an account with in Nigeria.

Formerly Skye Bank, this financial institution is currently quoted on the Nigerian Stock Exchange (NSE) and have presence in other African countries such as Sierra Leone, the Republic of Guinea, Angola and Liberia.
9. Fidelity Bank

Fidelity is another reliable Nigerian bank that has come a long way in maintaining its reputation among Nigerians and in the banking industry. With over 2.5 million customers patronizing this bank, it is impossible to not notice them. What we know is that they are popular among market women.

This licensed bank was established in 1988 and has assets worth over $6.51 billion. Fidelity Bank has promoted the corporate banking sectors as well as Micro Small and Medium Enterprises (MSMEs). The increase in savings deposits over the last three years via their mobile and internet banking products, shows that their retail digital banking service is one of the best.
8. Union Bank of Nigeria

Union Bank of Nigeria, one of the oldest commercial banks in Nigeria was established in 1917 as a top financial institution to cater for small, medium sized companies, and major corporations. Ranked among the richest banks in the country with an asset base of $6.8 billion, UBN has cemented trust among Nigerians.

This bank is good for opening a savings account as a student or civil servant in the country. They also offer loan services to their customers with low interest rate. One thing I am sure of is that they are one of the highest paying banks in Nigeria this 2020.

With over 400 Union Bank branches scattered around every state in the country, you can easily walk into any of these branches an either open a current, savings or even domiciliary account. Their ATM service is also available 24/7.
7. Access Bank Nigeria PLC

Access bank is another customer friendly Nigerian bank ranked among the best to bank with. With their recent acquiring of Diamond bank PLC, they have even gotten stronger and are one of the few banks in Nigeria with the largest customer base.

Access bank Nigeria began operations in 1989 with license to operate as a financial institution from the Central Bank of Nigeria. The bank plans to be a leader in the Nigerian banking industry in the nearest future. To prove this, Access Bank acquired Diamond and Intercontinental Banks respectively and have the highest number of ATMs across the country for easy day to day transactions.
6. United Bank for Africa (UBA)

UBA is one of the best banks in Nigeria that provides real digital banking service at its peak. They have one of the best customer care service and would respond well to any of your queries until you are satisfied.

With over 500 branches across the continent and 10 million customers in Nigeria, UBA is a trustworthy bank to save your money in. The bank charges are less when compared to other new generation commercial banks. UBA is also worth $13.2 billion in terms of acquired assets.
5. Zenith Bank Nigeria

Zenith Bank PLC is another top licensed commercial bank providing financial services not only in Nigeria but also in West Africa. Established in 1990, this institution was listed on the Nigerian Stock Exchange (NSE) and is also Nigeria’s biggest bank by tier-1 capital with worth over $850 million in shares.


Zenith Bank financial services ranges from Pension Management, Corporate and Investment Banking, Commercial and Consumer Banking, Personal and Private Banking, Trade Services and Foreign Exchange, Treasury and Cash Management Services, etc. They are also one of the richest banks in Nigeria with asset estimated to be worth $15.7 billion in total.
4. Ecobank Nigeria

Ecobank Nigeria, is another old commercial bank operating in Nigeria with many branches all over the country. Most military officers prefer using this bank to open a salary account as well as civil servants.

Ecobank operates in 32 countries with its headquarters in Lome. This financial institution offers banking services such as wholesale, retail, loans, savings, investments, debit and credit cards, corporate, investment and transaction banking services to their customers.
3. First Bank of Nigeria

Aside from being the oldest financial institution in the country, First Bank is among the top 10 best banks in Nigeria to open a savings account with. They are a leading company worth $21.3 billion in total assets.

First bank was established in 1894 and is Nigeria’s oldest bank. The Banker magazine of the Financial Times Group awarded First Bank as “The Best Bank Brand in Nigeria” for five solid years in a row (2011, 2012, 2013, 2014 and 2015).
2. Keystone Bank Limited

Keystone Bank is one of the new generation banks worth mentioning on this list. They offer banking services not only to large corporations, but to public institutions, SMEs and individuals.

Keystone Bank Limited was issued commercial banking license by the Central Bank of Nigeria (CBN). They also acquired Bank PHB after the CBN revoked their license, making this financial institution one of the largest financial services providers in Nigeria.
1. Guaranty Trust Bank

Guaranty Trust Bank or GTBank is the best bank in Nigeria today when it comes to banking service and customer relations. They are a customer friendly bank with a trusted reputation.Reviews show that GTBank is the bank almost every Nigerian patronizes.
With an asset totaling $11.77 trillion, its hard to see other players in the banking industry beat this bank as it is one of the largest financial institutions in the whole of West Africa.

Source: https://tigblog.com.ng/2020/04/18/top-10-best-banks-in-nigeria-no-1-is-rated-the-best-in-africa/

Scammers use GTBank to scam people that's why it's number one by OP standard. But for me the best Bank in Nigeria is Zenith Bank.
Correct me if I'm wrong!

Zenith Bank is the best

Ibadan express way news media have come again??