Nigeria's banking sector is one of the most dynamic and influential in Africa, playing a critical role in the country’s economic growth. Over the years, Nigerian banks have expanded their operations both locally and internationally, contributing significantly to the financial landscape.
This article highlights the top 10 richest banks in Nigeria by net worth in 2025, showcasing their financial strength, market influence, and key achievements.
Top 10 Richest Banks in Nigeria by Net Worth (2025)
| Rank | Bank Name | Estimated Net Worth (2025) | Overview & Highlights |
| 1 | Zenith Bank Plc | $6.5 billion | Known for robust financial performance, extensive branch network, and digital banking innovations. |
| 2 | Guaranty Trust Bank (GTBank) | $6.2 billion | Renowned for customer service excellence and strong corporate governance practices. |
| 3 | First Bank of Nigeria | $5.8 billion | One of Nigeria’s oldest banks with deep roots in retail and corporate banking. |
| 4 | Access Bank Plc | $5.5 billion | Rapid growth through strategic acquisitions and strong presence in retail and corporate sectors. |
| 5 | United Bank for Africa (UBA) | $4.9 billion | Pan-African presence with operations in over 20 African countries and strong digital platforms. |
| 6 | Fidelity Bank | $3.2 billion | Known for customer-centric services and a growing footprint across Nigeria. |
| 7 | Ecobank Nigeria | $2.8 billion | Subsidiary of Ecobank Transnational Incorporated with a focus on retail and corporate banking. |
| 8 | Union Bank of Nigeria | $2.4 billion | Established bank with strong retail banking focus and improving digital services. |
| 9 | Stanbic IBTC Bank | $2.2 billion | Part of the Standard Bank Group, focused on investment banking and wealth management. |
| 10 | Sterling Bank | $2 billion | Focus on innovation and SMEs, with growing investment in digital financial services. |
Frequently Asked Questions (FAQ)
| Question | Answer |
| Which is the richest bank in Nigeria? | Zenith Bank holds the top spot with an estimated net worth of $6.5 billion as of 2025. |
| What factors determine a bank's net worth? | Net worth is influenced by assets, liabilities, shareholder equity, and profitability. |
| Are Nigerian banks expanding internationally? | Yes, several banks like UBA and Ecobank have a significant presence across Africa and beyond. |
| How do Nigerian banks compare globally? | Nigerian banks are among the largest in Africa but still growing compared to global banking giants. |
| Which bank is best for digital banking in Nigeria? | GTBank and Zenith Bank are often recognized for leading digital banking innovations. |
Conclusion
The Nigerian banking sector is led by powerful financial institutions with strong net worths that reflect their influence and stability. From Zenith Bank’s dominance to UBA’s pan-African reach, these banks continue to innovate and drive economic progress in Nigeria and across Africa.
