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Top 10 Best Banks In Nigeria

So, which among these Nigerian banks is best to open a savings or current account with and save your hard earned money in?

Using various reviews and experience, we shall list 10 best banks in Nigeria that you can trust to save your funds in, be you a civil servant, business man, student, trader, etc.

Here are Top 10 Best Banks in Nigeria:


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10. Polaris Bank

Polaris Bank is one of the largest Nigerian Banks with assets totaling about $4 billion. Based on customers reviews, they have proven to be among the top ten banks to open an account with in Nigeria.
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Formerly Skye Bank, this financial institution is currently quoted on the Nigerian Stock Exchange (NSE) and have presence in other African countries such as Sierra Leone, the Republic of Guinea, Angola and Liberia.


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9. Fidelity Bank

Fidelity is another reliable Nigerian bank that has come a long way in maintaining its reputation among Nigerians and in the banking industry. With over 2.5 million customers patronizing this bank, it is impossible to not notice them. What we know is that they are popular among market women.
This licensed bank was established in 1988 and has assets worth over $6.51 billion. Fidelity Bank has promoted the corporate banking sectors as well as Micro Small and Medium Enterprises (MSMEs). The increase in savings deposits over the last three years via their mobile and internet banking products, shows that their retail digital banking service is one of the best.


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8. Union Bank of Nigeria

Union Bank of Nigeria, one of the oldest commercial banks in Nigeria was established in 1917 as a top financial institution to cater for small, medium sized companies, and major corporations. Ranked among the richest banks in the country with an asset base of $6.8 billion, UBN has cemented trust among Nigerians.
This bank is good for opening a savings account as a student or civil servant in the country. They also offer loan services to their customers with low interest rate. One thing I am sure of is that they are one of the highest paying banks in Nigeria this 2020.
With over 400 Union Bank branches scattered around every state in the country, you can easily walk into any of these branches an either open a current, savings or even domiciliary account. Their ATM service is also available 24/7.


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7. Access Bank Nigeria PLC

Access bank is another customer friendly Nigerian bank ranked among the best to bank with. With their recent acquiring of Diamond bank PLC, they have even gotten stronger and are one of the few banks in Nigeria with the largest customer base.
Access bank Nigeria began operations in 1989 with license to operate as a financial institution from the Central Bank of Nigeria. The bank plans to be a leader in the Nigerian banking industry in the nearest future. To prove this, Access Bank acquired Diamond and Intercontinental Banks respectively and have the highest number of ATMs across the country for easy day to day transactions.


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6. United Bank for Africa (UBA)

UBA is one of the best banks in Nigeria that provides real digital banking service at its peak. They have one of the best customer care service and would respond well to any of your queries until you are satisfied.
With over 500 branches across the continent and 10 million customers in Nigeria, UBA is a trustworthy bank to save your money in. The bank charges are less when compared to other new generation commercial banks. UBA is also worth $13.2 billion in terms of acquired assets.

Read Also: List of all Nigeria Bank Transfer Codes

5. Ecobank Nigeria

Ecobank Nigeria, is another old commercial bank operating in Nigeria with many branches all over the country. Most military officers prefer using this bank to open a salary account as well as civil servants.
Ecobank operates in 32 countries with its headquarters in Lome. This financial institution offers banking services such as wholesale, retail, loans, savings, investments, debit and credit cards, corporate, investment and transaction banking services to their customers.


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4. First Bank of Nigeria

Aside from being the oldest financial institution in the country, First Bank is among the top 10 best banks in Nigeria to open a savings account with. They are a leading company worth $21.3 billion in total assets.
First bank was established in 1894 and is Nigeria’s oldest bank. The Banker magazine of the Financial Times Group awarded First Bank as “The Best Bank Brand in Nigeria” for five solid years in a row (2011, 2012, 2013, 2014 and 2015).


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3. Keystone Bank Limited

Keystone Bank is one of the new generation banks worth mentioning on this list. They offer banking services not only to large corporations, but to public institutions, SMEs and individuals.
Keystone Bank Limited was issued commercial banking license by the Central Bank of Nigeria (CBN). They also acquired Bank PHB after the CBN revoked their license, making this financial institution one of the largest financial services providers in Nigeria.


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2. Zenith Bank Nigeria

Zenith Bank PLC is another top licensed commercial bank providing financial services not only in Nigeria but also in West Africa. Established in 1990, this institution was listed on the Nigerian Stock Exchange (NSE) and is also Nigeria’s biggest bank by tier-1 capital with worth over $850 million in shares.
Zenith Bank financial services ranges from Pension Management, Corporate and Investment Banking, Commercial and Consumer Banking, Personal and Private Banking, Trade Services and Foreign Exchange, Treasury and Cash Management Services, etc. They are also one of the richest banks in Nigeria with asset estimated to be worth $15.7 billion in total.


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1. Guaranty Trust Bank

Guaranty Trust Bank or GTBank is the best bank in Nigeria today when it comes to banking service and customer relations. They are a customer friendly bank with a trusted reputation.Reviews show that GTBank is the bank almost every Nigerian patronizes.
With an asset totaling $11.77 trillion, its hard to see other players in the banking industry beat this bank as it is one of the largest financial institutions in the whole of West Africa.

Credit: infopedia


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Google Pays Tribute To Late Nigerian Iconic Filmmaker, Amaka Igwe

Today, the Google Doodle is decicated to the late Amaka Igwe.

Amaka Igwe
Google Doogle showing Amala Igwe

Google doodle pays homage to the iconic and award-winning writer, filmmaker and broadcasting executive.


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Uzoamaka ‘Amaka’ Audrey Igwe was born on January 2, 1963, in Port Harcourt, Rivers State and passed away after an asthmatic attack in Enugu state on April 28, 2014.

At the time, the filmmaker was working on pre-production preparation for a new Igbo soap before she died.

January 2, 2019, marks the 57th posthumous birthday of the late Amaka Igwe and Google doodle didn’t forget that.

The Central Bank of Nigeria (CBN) Reduces ATM Withdrawal Charges

Nigerians pain from some unexplainable bank charges after transactions will be over from January 2020, This is as the CBN has reduced the fees for ATM card maintenance and electronic transfers.


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The CBN’s new rule is that customers will now be paying N10 for each electronic transfer below N5,000 and N25 for those between N5,000 and N50,000. The Central Bank of Nigeria (CBN) has released its downward review of charges placed on Nigerians for the maintenance of Automated Teller Machines (ATM) cards and the fees for electronic financial transactions. According to the changes made by the CBN, bank customers will henceforth pay N10 for each electronic transfer below N5,000, and N25 for electronic transfer between N5,000 and N50,000. The new rule, which takes effect from Wednesday, January 1, states that electronic transfer above N50,000 will be at the cost of N50, Vanguard reports. The review of the fees is contained in the apex bank’s lastest guide to charges which also reduced the charges for withdrawals through other bank’s ATMs from N65 to “maximum of N35 after the third withdrawal within the same month.”

Added to this, CBN has removed the Card Maintenance Fee (CAMF) on all cards linked to current accounts, with a maximum of N1 per mille for customer induced debit transactions to third parties and transfers to the customers’ account in another bank on current accounts.

In his explanation, Isaac Okorafor, the CBN’s director of corporate communication, said that the current NIP charges apply to use of Unstructured Supplementary Service Data (USSD), purchase with cash-back will cost N100 per N20,000 withdrawal that eventaully amounts to N60,000 in one day. Okorafor also made it clear that for cards linked to savings account, a maintenance fee has been reduced from N600 per annum to N200. Even more, he said that charges for reactivation or closure of accounts like savings, current and domiciliary have been removed while status enquiry at the request of the customer (like confirmation letter, letter of non-indebtedness and reference letter) will now attract a fee of N500 for each request.


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One of the CBN’s new rules also states that there will be a penalty of N20, 000 for any bank that places arbitrary charges on customers and that the penalty will continue daily unto the said financial institution adheres to the regulation.

In relation to this, the CBN directed banks to enter complaints from customers into the Consumer Complaints Management System (CCMS) and generate a unique reference code for each complaint, adding that failure to do this will attrack a fine of N1,000,000.

Credit: Onyirioha Nnamdi|Legit.ng

32 year old Nigerian man explains how he killed his 72 year old father

A 32-year-old man, Ibrahim Isiaka, who lives in Alagbaka Area of Ashi in Ibadan, the Oyo State capital on Thursday narrated how he killed his 72-year-old biological father, Mr. Busari Isiaka.

Isiaka was among the 40 suspects paraded by the Commissioner of Police in the state, Mr. Shina Olukolu, at the command’s headquarters in Eleyele, Ibadan.

The suspects according to Olukolu were arrested based on allegations of kidnapping, armed robbery, murder, conspiracy and cultism.

Isiaka, while speaking said he did not have intention to kill his father, saying he was engaged in a heated argument with his father and in annoyance used his two hands to push his father on the chest from a storey building.

He stated that his father fell on the staircases and died in the process. But he could not articulate why he pushed his father.

“On that day, I went upstairs to meet him. He had dressed up and he was about to leave for an outing. I pushed him. Since I was born, I have not been fighting him. The only thing we used to fight on was the way he used to drink to stupor. But on that day, I just went upstairs and I pushed him. He fell on the staircases and rolled down. My mother is dead. He died many years ago.”

Olukolu, while speaking, maintained that Isiaka was arrested by the police in the state for allegedly killing his 72-year-old biological father, Busari Isiaka.

Olukolu explained that Isiaka purportedly killed his father on November 11, 2019 at about noon and the incident was reported at Ashi Divisional Police Headquarters at about 6p.m on the same day.

He allegedly engaged his father, who was said to be a retired military man, in a fist scuffle, and in the process strangled him. He was said to have called his two brothers, Taoheed Isiaka and Murtala Isiaka , and narrated the ordeal to them.

“His two brothers immediately raced to their father’s house and prepared his corpse for burial without reporting to the police to conceal the heinous crime perpetrated by their brother, Ibrahim Isiaka . Their father, Busari Isiaka, was hurriedly buried the same date.

“Ibrahim Isiaka was thereafter arrested along with his two brothers. He confessed to the commission of the crime while his two brothers also confessed to have buried their father the same day to prevent the police from arresting Ibrahim Isiaka as advised by some people.

Ibrahim’s elder brother, Taoheed, 41, also told journalists that he was not at the scene when the incident occurred, and that their sibling, Murtala, 36, was also not around. But they received a call that Ibrahim and their father were fighting and the old man had died.

“I was at a site when I received a call, and I rushed to my father’s house. On getting, I discovered that it was true that my father had died. So, I informed my father’s younger sibling about the development and he told me that he was at Adeoyo Hospital. About one hour later, he called me that he could not come and that we children of the deceased should organise for his burial.

“Our father was a Muslim and we invited Islamic clerics that conducted a brief funeral service in our house and therefore we buried him within the compound. But somebody we did not know reported the matter to the police and few days after the burial, the three of us were arrested by the police. Apart from Ibrahim, myself and Muritala were arrested because we did not report the matter to the police.

No fewer than five suspected kidnappers that have purportedly terrorised Ibarapa axis of Oyo State and that took part in the kidnap of some lecturers of Oyo State College of Agriculture and Technology (OYSCATECH), Igbo-Ora were also paraded by the police boss in the state.

9 Nigerian Celebrities Who Got Pregnant At Their Teen Age

Here’s a list of some Nigerian celebrities who had their first babies as teenagers. Some had theirs as early as 14 years. Most of them got married at tender ages and started making babies immediately.

Liz Anjorin

Nollywood Yoruba actress, Lizzy Anjorin has a beautiful grown-up teenage daughter, Rotimi and the actress successfully kept her daughter hidden until 2011. The actress allegedly gave birth to Rotimi at a tender age.

Shan George

Actress Shan George got married at the age of 16 and had her two boys who are now men, immediately after marriage. She however later walked out of the marriage. To her, being married at the age of 16 was akin to living with her parents.

Omotola Jalade-Ekeinde

Veteran Nollywood actress, Omotola, met her husband when she was 16 and married him at age 18. At the age of 19, she had her first child.

Ireti Doyle

Nollywood actress, Ireti Doyle, had her first child when she was in her late teens before her marriage to Patrick Doyle. Her daughter is all grown up now and is married.

Clarion Chukwura

Talented and daring Nollywood actress, Clarion Chukwura, was impregnated by Sir Shina Peters many years ago when they were dating. She got pregnant at age 18 and had her baby boy, Clarence Peters, who has grown to be an ace music director.

Genevieve Nnaji

Genevieve became a mother at a very tender age. The actress got pregnant Im her teens and kept the pregnancy. She had her first and only child, Chimebuka Theodora Nnaji, at the age of 17.

Liz Benson

The veteran actress got married to her first husband, Samuel Gabriel Etim at a very young age. The marriage had already produced three children before Liz Benson lost her husband to death in her mid-twenties.

Waje

Beautiful Nigerian artiste, Waje, got pregnant and gave birth to her daughter, Emerald, at a very tender age. Although she doesn’t like talking about her teenage pregnancy, she is not ashamed to show off her daughter on social media.

Ada Ameh

Nollywood actress, comedienne, producer and television personality, Ada Ameh, had her first child when she was 14 years old while she was in secondary school and she raised her on her own.

Hilda Dokubo

Actress Hilda Dokubo got pregnant at the age of 16. According to her “I was a very brilliant girl, and I got admission into the university at the age of 16. I became rascally and did what girls like to do. I slept with a man, and I became pregnant.”

Cross Dresser ‘Bobrisky’ Brags About His Money

Popular controversial cross dresser, Bobrisky has once again decided to brag about his financial success on social media but this time, he didn’t attribute it to any external aid or influence.

The 27-year old entrepreneur while sharing screen shots of his recent bank alerts, claims that his eye lashes business, Bob Wings, made over eight million naira in just two weeks, a feat he says should make his fans proud of him. He also revealed that he has seventy-five million naira in one of his many accounts, which includes the ones in Nigeria and overseas.

Guys, you all need to be proud of me. I opened an account for my lashes business because I don’t want to mix my personal account with my business account. Guys, in just two weeks of my lashes sales, I made 8.5 million naira! Imagine how much will be in my other accounts. I have five accounts in Nigeria, one account in UK and one in USA. I can still boast of 75 million naira in only my Ecobank account,” he revealed

Nigerian wrestler makes history in America as he becomes first African to win UFC title

Kamaru Usman has defeated Tyron Woodley to become the new UFC champion

Usman is now the first African champion in the Ultimate Fighting Championship

He became champion after winning via a unanimous decision in Las Vegas Nigerian

-American mixed martial artist Kamaru Usman has recorded his name in the history books of wrestling by becoming the first African champion in the Ultimate Fighting Championship.

The 31-year-old achieved this success in Las Vegas when he defeated defending champion Tyron Woodley for five rounds to become the new champion.

Usman won via a unanimous decision capturing scores of 50-44, 50-44, and 50-45 on the judges’ scorecard. Woodley had been the UFC’s 170-pound champ since July 2016 and defended the belt four times before losing to the Nigerian fighter.

Usman celebrated in the cage with his daughter before his hand was raised in victory. “Can’t nobody handle me?. “I’ve been wanting this fight, and I’ll be honest, I might not be the best striker in the world.

I might not be the best wrestler in the world. ”But when it comes to mixing this stuff up, I’m the best in the world right now,” Kamaru Usman said after being crowned champion.

Earlier, Legit.ng had reported how The Undertaker reportedly ‘called it quits’ as a professional wrestler following his exclusion from the forth coming Wrestlemania 35 event.

Undertaker will be making an appearance at the Starrcast II wrestling convention on May 25, one day before rival promotion AEW show Double Or Nothing in the same city of Las Vegas.