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Names of old [failed] banks in Nigeria

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.

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