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This article on the names of old banks in Nigeria will answer questions such as what are the names of banks in Nigeria? How many banks did Nigeria have? Which bank is FirstBank in Nigeria? Which is the oldest bank?
Only banks that no longer exist in Nigeria will be outlined in this article. So when I intended to write on names of old banks in Nigeria I didn’t mean to list banks that have existed the longest in the country.
Any banks’ name mentioned here is either have been merged or suffered outright defunct.
List of failed banks in Nigeria and their closure date
Abacus Merchant Bank Ltd – Jan. 16, 1998
ABC Merchant Bank Ltd – Jan. 16, 1998
African Express Bank Ltd – Jan. 16, 2006
Allied Bank of Nigeria Plc – Jan. 16, 1998
Allstates Trust Bank Plc – Jan. 16, 1998
Alpha Merchant Bank Plc – Sept. 08, 1994
Amicable Bank of Nigeria Plc. – Jan. 16, 1998
Assurance Bank of Nigeria Plc – Jan. 16, 2006
Century Merchant Bank Ltd. – Jan. 16, 1998
City Express Bank Plc – Jan. 16, 2006
Commerce Bank Plc – Jan. 16, 1998
Commercial Trust Bank Ltd – Jan. 16, 1998
Continental Merchant Bank Plc – Jan. 16, 1998
Coop. & Commerce Bank Plc – Jan. 16, 1998
Credite Bank Nig. Ltd – Jan. 16, 1998
Crown Merchant Bank Ltd. – Jan. 16, 1998
Financial Merchant Bank Ltd. – Jan. 21, 1994
Great Merchant Bank Ltd. – Jan. 16, 1998
Group Merchant Bank Ltd. – Jan. 16, 1998
Gulf Bank Ltd – Jan. 16, 2006
Hallmark Bank Plc – Jan. 16, 2006
Highland Bank of Nig Plc – Jan. 16, 1998
ICON Ltd. (Merchant Bankers) – Jan. 16, 1998
Ivory Merchant Bank Ltd. – Dec. 22, 2000
Kapital Merchant Bank Ltd. – Jan. 21, 1994
Lead Bank Plc – Jan. 16, 2006
Lobi Bank of Nig. Ltd. – Jan. 16, 1998
Mercantile Bank of Nig. Plc. – Jan. 16, 1998
Merchant Bank of Africa Ltd. – Jan. 16, 1998
Metropolitan Bank Ltd. – Jan. 16, 2006
Nigeria Merchant Bank Ltd. – Jan. 16, 1998
North-South Bank Nig. Plc. – Jan. 16, 1998
Pan African Bank Ltd. – Jan. 16, 1998
Pinacle Commercial Bank Ltd. – Jan. 16, 1998
Premier Commercial Bank Ltd – Dec. 22, 2000
Prime Merchant Bank Ltd. – Jan. 16, 1998
Progress Bank Ltd. – Jan. 16, 1998
Republic Bank Ltd – June 29, 1995
Rims Merchant Bank Ltd. – Dec. 22, 2000
Royal Merchant Bank Ltd. – Jan. 16, 1998
Trade Bank Plc – Jan. 16, 2006
United Commercial Bank Ltd. – Sept. 8, 1994
Victory Merchant Bank Ltd. – Jan. 16, 1998
Eagle Bank Plc. – Jan. 16, 2006
Liberty Bank Plc. – Jan. 16, 2006
ACB International Bank Plc. – 2005
Citizens International Bank Plc. – 2005
Fountain Trust Bank Plc. – 2005
Guardian Express Bank Plc. – 2005
Omega Bank Plc. – 2005
Trans International Bank Plc. – 2005
Spring Bank Plc – 2011
Mainstreet Bank Limited (MBL) – 2014
Afribank Nigeria PLC – 2011
First Inland Bank Plc or Finbank Nigeria – 2012
NUB International Bank Limited – 2006
IMB International Bank – 2006
First Atlantic Bank Plc – 2006
Inland Bank Plc – 2006
Equitorial Trust Bank Plc. (ETB) – 2011
Devcom Bank – 2006
Diamond Bank Plc. – 2018
Bank PHB or Platinum Habib Bank – 2011
Platinum Bank Plc – 2005
Habib Nigeria Bank Plc – 2005
With the consolidation exercise in the Nigerian banking sector which came to an effective end on December 31, 2005, the country now has 26 fairly large banks as opposed to the 89 that there were.
The 26 government-licensed banks are grouped into commercial, non-interest, and merchant banks. See a full list of all the banks in Nigeria here, including microfinance banks.
This article was updated 2 months ago
