Nigeria banks and currency

Nigerian Naira

Nigeria currency is Naira (N) which is divided into 100 kobo. Currency notes are issued in denominations of N5, N10, N20, N50 and N100. Coins are issued in 10K, 25K, and N 1. Except for hotel bills, foreigners can do their shopping and other businesses in the local currency. Major banks operate electronic money transfer services, and it is safe to use your credit cards.

Foreign visitors can easily exchange their money to Nigerian currency perhaps at the banks or the bureau de change outlets all over the country. It is advisable for foreign visitors to have a member of the community with them when going to bureau de change for security reason. Meanwhile, this doesn’t mean that you are not safe by going on your own, but it is very good to be on a safer side.

Currency Converter

Banking

The banking industry in Nigeria is one of the lucrative industries in the country because the banks are internationally recognised and well patronised. After the recent reforms in banking sector that intended to bolster the financial sector which saw regular bank failures and corruption in the 1990s, Nigeria banks are now competing with their foreign counterparts
in the area of lending, mortgaging, saving etc.

Nigerian banks now issue credit cards such as Mastercard, Visa and others and they are globally accepted. Also, it is safe for foreign visitors to use their credit cards to carry out transactions. Below are the list of the banks in Nigeria, and you can check out their websites for more information:

Major Banks in Nigeria

Access Bank Nigeria Limited
Address: Head Office: 1665, Oyin Jolayemi Street, Victoria Island, Lagos
Tel: +234 1 26210404-41, 2626273-76,
2641571-72, 3201889;
Fax: +234 1 2621037
Website: www.accessbankplc.com

Afribank Nigeria Plc

Address: Head Office: Afribank Plaza, (14th Floor) 51/55, Broad Street, Lagos
Tel: +234 1 2641566-9 Ext. 2267, 2252;
Fax: +234 1 2669763
Website: www.afribank.net

Bank PHB (PlatinumHabib Bank Ltd)
Address: Head Office: Plot 707, Adeola Hopewell Street, Victoria Island, Lagos
Tel: +234 1 4617341-50
Website: www.bankphb.com

Diamond Bank Plc
Address: Head Office: Plot 1261,
Adeola Hopewell Street, Victoria Island, Lagos
Tel: +234 1 2701500, 2620740;
Fax: +234 1 2619728
Website: www.diamondbank.com

Ecobank Nigeria Plc
Address: Head Office: 2, Ajose Adeogun Street, Victoria Island, Lagos
Tel: +234 1 2626638-88, 2626710-17;
Fax: +234 1 2616568, 2620920
Website: www.ecobank.com

Equitorial Trust Bank Limited
Address: Head Office: Plot 1092, Adeola Odeku Street, Victoria Island, Lagos
Tel: +234 1 3201595-9, 3201600-9, 2623576-80; Fax: +234 1 2619124, 2611052
Website: www.equitorialtrustbank.com

Fidelity Bank Plc
Address: Head Office: 2, Kofo Abayomi Street, Victoria Island, Lagos
Tel: +234 1 2610408-12; Fax: +234 1 2610414
Website: www.fidelitybankplc.com

FinBank Plc (Fomerly First Inland Bank Plc)
Address: Head Office: Plot 532, IBB way,
Wuse 4, Abuja
Tel: +234 9 6700136-7; Fax: +234 9 5239640
Website: www.finbankplc.com

First Bank Nigeria Plc
Address: Head Office: Samuel Asabia House,
35, Marina, Lagos
Tel: +234 1 2665900-19;
Fax: +234 1 2665934, 2643166
Website: http://www.firstbanknigeria.com

First City Monumental Bank Plc
Address: Head Office:
Primrose Tower, 17A, Tinubu Street, Lagos
Tel: +234 1 2665944-53;
Fax: +234 1 2665126, 2668833
Website: http://www.fcmb-ltd.com

Guaranty Trust Bank Plc
Address: Head Office: Plot 1669, Oyin Jolayemi Street Victoria Island, Lagos
Tel: +234 1 2622650-69, 3201100;
Fax: +234 1 2622698-9.
Website: www.gtbplc.com

Intercontinental Bank Plc
Address: Head Office: Intercontinental Plaza, Danmole Street, Victoria Island, Lagos
Tel: +234 1 2622940-59;
Fax: +234 1 2622981
Website: www.intercontinentalbankplc.com

Nigeria International Bank Limited (Citigroup)
Address: Head Office: 1, Idowu Taylor Street,
Victoria Island, Lagos
Tel: +234 1 4613060-74 Ext. 1219
Website: www.citigroup.com/

Oceanic Bank International Nigeria Ltd

Address: Head Office: Waterfront Plaza, Plot 270,
Ozumba Mbadiwe Avenue, Victoria Island, Lagos
Tel: +234 1 2705010-9;
Fax: +234 1 2705066
Website: www.oceanicbanknigeria.com

Skye Bank Nigeria Ltd.
Address: Head Office: 3, Akin Adesola Street,
Victoria Island, Lagos
Tel: +234 1 2627760-9;
Fax: +234 1 2627598
Website: www.skyebankng.com

Spring Bank Nigeria Ltd.
Address: Head Office: Plot 143,
Ahmadu Bello Way, Victoria Island, Lagos
Tel: +234 1 4619570-3, 2623780-7;
Fax: +234 1 2615138, 4619574
Website: www.springbankplc.com

Stanbic IBTC Bank Ltd.
Address: Head Office: I.B.T.C. Place,
Walter Carrington Crescent, Victoria Island, Lagos
Tel: +234 1 2626520-40;
Fax: +234 1 2626541/2
Website: www.ibtc.com

Standard Chartered Bank Nigeria Ltd.

Address: Head Office: 105b,
Ajose Adeogun Street, Victoria Island, Lagos
Tel: +234 1 3262000, 2626801-5;
Fax: +234 1 2626814, 3201659
Website: www.standardchartered.com/ng

Sterling Bank Nigeria Ltd.
Address: Head Office: 20 Marina,
Lagos Island, Lagos
Tel: +234 1 2690380-8; Fax: +234 1 2693256
Website: www.sterlingbankng.com

Union Bank Of Nigeria Plc.
Address: Head Office: Stallion Plaza,
36 Marina, Lagos
Phone: +234 1 2668105, 2668043, 2646011,
Fax: +234 1 2669873, 2644306
Website: www.unionbankng.com

Unity Bank Nigeria Ltd.
Address: Head Office: Plot 785,
Herbert Macaulay Way, Central Business District,
Abogo Largema Street, Abuja
Phone: +234 9 6701082-9;
Fax: +234 1 5238759
Website: www.unitybankng.com

United Bank For Africa Plc. (UBA)
Address: Head Office: 57, Marina, Lagos
Tel: +234 1 2644651-700, 4701416, 2642284;
Fax: +234 1 2642287
Website: www.ubaplc.com

Wema Bank Plc
Address: Head Office: Wema Towers
54, Marina Lagos Island, Lagos
Tel: +234 1 2669236, 2669713;
Fax: +234 1 2668303
Website: www.wemabank.com

Zenith Bank Plc
Address: Head Office: Plot 84,
Ajose Adeogun Street, Victoria Island, Lagos
Tel: +234 1 4618301, 4618321, 4618311;
Fax: +234 1 2618212
Website: www.zenithbank.com

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