Nigeria Bank Review

Zenith Bank – Total Assets – ₦4.2 trillion : This bank is the richest bank in Nigeria, with a total assets of 4.2 trillion Naira. Zenith was established in 1990, and currently employs more than 4, 000 people. First Bank of Nigeria – Total Assets – ₦3.8 trillion: Taking the number two spot on this list of the top 10 richest bank in Nigeria 2018 is First Bank of Nigeria was founded in the year 1894. This bank was rated a Superbrand in 2007. Guaranty Trust Bank – Total Assets – ₦2.4 trillion: This bank has assets worth ₦2.4 trillion, and has shareholder funds of more than ₦300 billion. GTBank employs more than 3,500 people and operates through a network of around 200 offices in Nigeria. Access Bank – Total Assets – ₦2. 2 trillion : Access Bank has assets of around ₦2.2 trillion. The headquaters of this bank is at Lagos State, and has more than 300 branches nationwide. This bank was founded in the year...

Zenith Bank – Total Assets – ₦4.2 trillion : This bank is the richest bank in Nigeria, with a total assets of 4.2 trillion Naira. Zenith was established in 1990, and currently employs more than 4, 000 people. First Bank of Nigeria – Total Assets – ₦3.8 trillion: Taking the number two spot on this list of the top 10 richest bank in Nigeria 2018 is First Bank of Nigeria was founded in the year 1894. This bank was rated a Superbrand in 2007. Guaranty Trust Bank – Total Assets – ₦2.4 trillion: This bank has assets worth ₦2.4 trillion, and has shareholder funds of more than ₦300 billion. GTBank employs more than 3,500 people and operates through a network of around 200 offices in Nigeria. Access Bank – Total Assets – ₦2. 2 trillion : Access Bank has assets of around ₦2.2 trillion. The headquaters of this bank is at Lagos State, and has more than 300 branches nationwide. This bank was founded in the year 1989, and has over the years transformed from an obscure Nigerian bank into a world clas...

SFGI Direct is an online division of Summit Community Bank where you can bank safely and easily with competitive rates on a savings account.   Summit Financial Group, Inc., the owner of Summit Community Bank, is a financial holding company which provides community banking and insurance services. Summit’s community banking operations consist of 29 banking offices located in the Eastern Panhandle and South Central regions of West Virginia and the Shenandoah Valley and Northern regions of Virginia.    At SFGI Direct, A division of Summit Community Bank, they are committed to offering efficient banking products with personal customer service. Their tradition of old fashioned service with regular investments in technology yields a unique combination of high quality service standards and high-tech capabilities.   Customers who bank with SFGI Direct, A division of Summit Community Bank can feel safe knowing their accounts are covered by FDIC Insurance up to applicable limit...

According to iGobanking.com, the two required items to set-up a direct deposit are iGObanking's Routing & Transit Number (026072928), and your iGObanking.com® account number. This is a simple and easy way to actively control your money and watch your savings grow. Learn More .

Bank5 Connect is an online-only bank offering checking and savings accounts, CDs, online bill pay, eStatements, free mobile banking and over services. It operates as a division of BankFive, a leader among banks in Massachusetts and Rhode Island. Connect Savings: Annual Percentage Yield (APY): 0.90%. The minimum balance to open is $10. The minimum balance to earn interest is $100. Deposits are insured by the FDIC No ATM fees. Free online banking/eStatements. Free mobile banking. Savings can be used to cover overdrafts of checking account.   Also Read: American Express online banking review . iGobanking.com review .

Bank5 Connect is an online-only bank offering checking and savings accounts, CDs, online bill pay, eStatements, free mobile banking and over services. It operates as a division of BankFive, a leader among banks in Massachusetts and Rhode Island. Connect Savings: Annual Percentage Yield (APY): 0.90%. The minimum balance to open is $10. The minimum balance to earn interest is $100. Deposits are insured by the FDIC No ATM fees. Free online banking/eStatements. Free mobile banking. Savings can be used to cover overdrafts of checking account.   Also Read: American Express online banking review . iGobanking.com review .

MySavingsDirect is an online division of Emigrant Bank, the oldest savings bank in New York founded by Irish immigrants in 1850. As of December 2017, MySavingsDirect had over $4.5 billion in deposits. High Interest Savings Account: Annual Percentage Yield (APY): 1.00%. No minimum balance, No hidden costs. No Fees, No penalties, and No service charges. Secure, 24/7 online access to your funds. All deposits are insured by FDIC

iGObanking.com is an online banking division of Flushing Bank, a New York State-chartered commercial bank with branches in Queens, Brooklyn, Manhattan, and Nassau County. It offers competitive deposit products to consumers nationwide. As of March 2018, it had $5.2 billion in loans, $4.4 billion in deposits and employed about 460 people. Must Read: unity bank branches in Kano . Ally Bank online banking . iGOsavings Account: Annual Percentage Yield (APY): 1.00%. No fees and no minimums to maintain. Deposits are FDIC insured. No monthly maintenance charges. Online transfers to and from other banks.

Discover is an online bank with a wide range of direct banking products. It offers credit cards, checking and savings accounts, certificates of deposit, money market accounts, private student loans, personal loans and home loans. Online Savings Account: Annual Percentage Yield (APY): 1.50%. No minimum balance. No monthly maintenance fees. . Minimum opening deposit is $0. Deposits are FDIC insured. Fast and free online money transfers. 24/7 customer service. Also Read: Barclays Bank of Africa branches in Ibadan .

Barclays Bank Delaware is an internet bank. The online banking business is located in Wilmington, Delaware. In Q4 2017, it reported total assets of $34 billion, total deposits of $25 billion and loans of $27 billion. Online Savings Account: Annual Percentage Yield (APY): 1.50%. No monthly maintenance fees. No minimum balances to open. FDIC insured. Secure, 24/7 online access to your account. Online transfers to and from other banks. An award-winning account with rates 23x the national average. You may make up to 6 withdrawals from your online savings account per statement cycle.    Also Read: Citibank apk download .

Ally Bank operates as an online bank and has no branches. It serves about 790,000 customers and offers savings and money market accounts, checking accounts, certificates of deposit (CDs), IRA CDs and IRA online savings accounts. The company has been named "Best Online Bank" by MONEY Magazine four years in a row. Ally’s customer satisfaction score has consistently remained over 90%. Online Savings Account Annual Percentage Yield (APY): 1.50% (On all balance tiers). No minimum deposit to open. No monthly maintenance fees. 24/7 customer service by phone or IM. The most common services and transactions are free. ACH transfers to your non-Ally Bank account: $0. Incoming wires (domestic & international): $0. Official / cashier's checks: $0 No hidden fees.    Also read: diamond bank CEO history .

American Express Bank, FSB is an Internet bank and has no physical branches. It operates as a subsidiary of the American Express Company. The Bank has over $38 billion in deposits and $32 billion in loans. It was established in 2000 and employs over 290 people. High Yield Savings Account >Annual Percentage Yield (APY): 1.55% >No monthly maintenance fees >No minimum balances to open  (You only need $1 to open an account) >Deposits are FDIC insured 24/7 Account Access by phone or web > High Yield Savings Account is fully protected by the Federal Deposit Insurance Corporation (FDIC). >American Express High Yield Savings Accounts are limited to a maximum of 6 online and telephone withdrawals or debits per monthly statement cycle.    Also Read: CIT Bank history and review. Skye bank sort code . Gtbank sort code .

   SFGI Direct is an online division of Summit Community Bank, a community bank located in Moorefield, West Virginia with additional offices in Charleston, Rainelle, Rupert, Petersburg, Franklin, Mathias, and Martinsburg (West Virginia) and Winchester, Harrisonburg, Warrenton, and Leesburg (Virginia). As of December 2017, it had loans of $1.59 billion, deposits of $1.6 billion and employed more than 300 people. SFGI Direct Savings Account: >Annual Percentage Yield (APY): 1.61% >Monthly Service Charge: $0 >Minimum Balance to earn interest: $1 >Minimum balance to open account: $500 >Deposits are FDIC insured >Fund account with a transfer from another bank >Manage your account anytime online 24/7.

Synchrony Bank is one of the most prominent online banks in the market. It operates as a subsidiary of Synchrony Financial, one of the premier consumer financial services companies and the largest provider of private label credit cards in the United States. It offers certificate of deposits, money market accounts, savings accounts, IRA CDs and IRA money market accounts. The Bank's Optimizer+plus savings CDs have been named the "Best CD" by Money Magazine (Best Banks in America list). With over 10,000 employees, it has approximately $63 billion in loans, $58 billion in deposits and $79 billion in assets (3/2018). The company is based in Draper, Utah. High Yield Savings Account >Annual Percentage Yield (APY): 1.65% >No minimum balance or monthly service fee >Easy withdrawals online, over the phone or with an ATM card >Deposit accounts are fully FDIC insured >24/7 automated telephone service.

CIT Bank is an online-only bank established in 2000. It operates as subsidiary of CIT Group Inc., a financial holding company with leading positions in middle market lending, factoring, retail, and equipment finance. The company offers high yield savings accounts, Traditional and Roth IRAs, Certificates of Deposit (RampUp CDs, Jumbo CDs, and Term CDs), custodial accounts (UTMA) and more. With over 3,500 employees, CIT Bank has more than $30 billion in deposits, $27.5 billion in loans and $41 billion in assets. Premier High Yield Savings account  Annual Percentage Yield (APY): 1.55% Minimum Opening Deposit: $100 No maintenance fees Free online banking FDIC insured (FDIC insurance standard amount is $250,000 per depositor)

RMB Nigeria — a leading African corporate and investment bank Rand Merchant Bank (RMB) Nigeria Limited, a member of the FirstRand Group, is a leading African corporate and investment bank and part of one of the largest financial services groups in Africa.   They offer clients innovative advisory, capital markets, financing and principal investing solutions. They also have funded various infrastructure, resource finance, mergers and acquisitions and development projects in over 35 African countries in the past decade, ranging from ports, dams and energy installations, to mines, railways and factories — making them one of the leading investment banking partners on the continent. In Nigeria, they have over 10 years of transactional experience ranging from advisory on infrastructure projects to funding of various transactions across multiple sectors. They established a representative office in Nigeria in 2010 and subsequently opened a fully-fledged merchant bank (Rand Merchant Bank (RM...

RMB Nigeria — a leading African corporate and investment bank Rand Merchant Bank (RMB) Nigeria Limited, a member of the FirstRand Group, is a leading African corporate and investment bank and part of one of the largest financial services groups in Africa.   They offer clients innovative advisory, capital markets, financing and principal investing solutions. They also have funded various infrastructure, resource finance, mergers and acquisitions and development projects in over 35 African countries in the past decade, ranging from ports, dams and energy installations, to mines, railways and factories — making them one of the leading investment banking partners on the continent. In Nigeria, they have over 10 years of transactional experience ranging from advisory on infrastructure projects to funding of various transactions across multiple sectors. They established a representative office in Nigeria in 2010 and subsequently opened a fully-fledged merchant bank (Rand Merchant Bank (RM...

   Barclays (Nigeria) offers International banking services in Lagos. Barclays in Nigeria does not provide local banking services from this office. The company offers checking accounts, international telephone and online banking, multicurrency savings and bond products as well as advice on medium to long term investments. Barclaycard provides point of sale transaction services for merchants, retailers and other service providers. Barclays Wealth and Investment Management offers wealth management, international and private banking, trust and fiduciary services, brokerage, and research. In 2009, Barclays returned to Nigeria after a 20 year absence. It opened an office in Lagos through its South African subsidiary Absa Bank. Barclays Group Representative Office (Nigeria) Ltd. operates as a subsidiary of Barclays plc. Barclays Representative Office: Southgate House  Udi Street Ikoyi Lagos, Nigeria Phone number: +234 (1) 7901346/7 Fax: + 234 (1) 2696233 Hours: M, Tu, Th, Fr, 9...

History of The CBN G. D. Paton Report The period 1892 - 1952, there was an enquiry by the then colonial administration to investigate banking practice in Nigeria. The G. D. Paton Report which emanated from the enquiry was the basis for the first Banking Ordinance of 1952. The ordinance was designed to ensure orderly commercial banking and to prevent the establishment of unviable banks. A draft legislation for the establishment of Central Bank of Nigeria was presented to the House of Representatives in March, 1958. The Act was fully implemented on 1 July, 1959 when the Central Bank of Nigeria came into full operations. Central Bank Act, 1958  The Central Bank Act, 1958 (as amended) and the Banking Decree 1969 (as amended) constituted the legal framework within which the CBN operates and regulates banks. The wide range of economic liberalization and deregulation measures following the adoption, in 1986, of a Structural Adjustment Programme (SAP) resulted in the emergence of more bank...

Central Bank Of Nigeria Committee of Governors  Mr. Godwin Emefiele (CON) (Chairman, Board of Directors ) Governor  Serving Since Tuesday, June 03, 2014 - To Date  Mr. Adebayo Adelabu (Board Member)  Deputy Governor, Operations Directorate  Serving Since Wednesday, April 09, 2014 - To Date  Dr. Okwu Joseph Nnanna (Board Member)  Deputy Governor, Economic Policy Directorate Serving Since Tuesday, February 03, 2015 - To Date  Mrs. Aishah N, Ahmad (Board Member)  Deputy Governor, Financial Systems Stability Directorate  Serving Since Wednesday, March 28, 2018 - To Date  Mr. Edward L. Adamu (Board Member)  Deputy Governor, Corporate Services Directorate Serving Since Wednesday, March 28, 2018 - To Date