Nigeria is one of the fastest-growing economies in Africa, and its banking sector is keeping up with the pace. With over 20 commercial banks operating in the country, there are plenty of options to choose from when it comes to selecting a bank account. But which banks are the best?

To help you make a decision, we've compiled a list of the top 10 banks in Nigeria, based on factors such as asset size, market capitalization, profitability, and customer satisfaction. We've also included a brief overview of each bank's strengths and weaknesses, so you can choose the one that's right for you.

What are the best and Biggest Banks in Nigeria? Best 7

Here are the best 10 banks in Nigeria, in no particular order:

Access Bank

Access Bank is one of the largest banks in Nigeria, with over 700 branches and over 30 million customers. The bank is known for its innovative approach to banking services, its focus on customer satisfaction, and its use of cutting-edge technology. Access Bank offers a wide range of products and services to individuals and businesses, including:

Savings accounts: Access Bank offers a variety of savings accounts, each with its own unique benefits. For example, the AccessMore savings account offers a high interest rate and waived fees on ATM withdrawals and transfers.
Current accounts: Access Bank's current accounts are designed for everyday banking needs. They offer features such as free ATM withdrawals, bill payments, and check deposits.
Loans: Access Bank offers a variety of loans to individuals and businesses, including personal loans, business loans, and mortgages.
Investments: Access Bank offers a variety of investment products, such as mutual funds, bonds, and stocks.

Access Bank is also known for its innovative digital banking solutions. The bank offers a mobile app and a web-based platform that allow customers to bank from anywhere, at any time. Customers can use the Access Bank app to check their account balances, transfer money, pay bills, and deposit checks.

Zenith Bank

Zenith Bank is one of the leading banks in Nigeria, with over 500 branches and over 20 million customers. The bank is known for its financial stability, its strong focus on risk management, and its commitment to customer satisfaction. Zenith Bank offers a wide range of products and services to individuals and businesses, and it is a valuable partner for anyone looking to achieve their financial goals.

Zenith Bank is committed to helping its customers achieve their dreams and ambitions. The bank offers a variety of products and services that are designed to meet the needs of different customers, from individuals to businesses to large corporations. Zenith Bank also offers a variety of financial advisory services to help its customers make informed financial decision

First Bank of Nigeria

First Bank of Nigeria, often regarded as the cornerstone of Nigerian banking, boasts a rich history of trust and reliability. Established in 1894, this venerable institution has stood the test of time, providing unwavering support to generations of Nigerians. With a comprehensive range of services and a commitment to community development, First Bank continues to be a trusted choice for millions.

First Bank of Nigeria has played a pivotal role in the development of the Nigerian banking sector. The bank was the first to introduce many innovative products and services, such as savings accounts, current accounts, and loans. First Bank has also been a leading player in the financing of major development projects in Nigeria.

United Bank for Africa (UBA)

UBA, which is also known as United Bank for Africa, is a prominent player in the financial sector of Africa. The bank operates in over 20 different nations across the continent. Additionally, UBA has a global presence, with offices located in the United Arab Emirates, the United States of America, France, and the United Kingdom.

Individuals, companies, and government entities can all take use of the extensive banking options provided by UBA. The personal banking services offered by the bank consist of deposit accounts, transaction accounts, loans, and credit card services. UBA also provides a broad range of corporate banking services to its business clients, including cash management, trade finance, and lending options.

Those who have their sights set on the global stage might consider UBA as an option. Due to the global presence of the bank, it is simple to send and receive money across international borders, and UBA provides a wide range of options for global payment processing.UBA also offers online banking and mobile apps, making it easy to manage your finances from anywhere in the world.

Guaranty Trust Holding Company (GTCO)

Guaranty Trust Holding Company (GTCO), or GTBank as it’s popularly known, is synonymous with innovation and customer-centric banking. With a blend of modern technology and traditional values, GTBank offers a unique banking experience tailored to your needs. Their user-friendly digital platforms ensure that managing your finances is not just easy but also enjoyable.

Sterling Bank

Sterling Bank is a mid-sized bank in Nigeria that is known for its focus on innovation and its commitment to customer service. The bank offers a wide range of products and services to individuals and businesses. Sterling Bank is a good choice for customers who are looking for a bank that is different from the traditional big banks.

However, Sterling Bank does not have as large of a network of branches and ATMs as some of the other banks on this list. The bank can also be expensive, with high fees for some services.

Fidelity Bank

Fidelity Bank is a mid-sized bank in Nigeria that is known for its focus on customer service and its innovative digital banking solutions. The bank offers a wide range of products and services to individuals and businesses. Fidelity Bank is a good choice for customers who are looking for a bank that is different from the traditional big banks.

Fidelity Bank also does not have as large of a network of branches and ATMs as some of the other banks on this list. The bank can also be expensive, with high fees for some services.