10 Richest Banks In Nigeria By Net Worth In 2025

Nigeria’s banking sector has continued to evolve rapidly, becoming one of the most dynamic financial ecosystems in Africa. As of 2025, a handful of banks dominate the market based on their net worth and asset base. These financial institutions not only provide critical financial services but also play significant roles in shaping the country’s economy.

In this article, we highlight the top 10 richest banks in Nigeria by net worth in 2025, showcasing their total assets, market strategies, and growth trajectories.

 

Table: Top 10 Richest Banks in Nigeria (2025)

Rank	Bank Name	Total Assets (₦ Trillion)
1	Access Bank Plc	₦36.5
2	United Bank for Africa	₦31.8
3	First Bank of Nigeria	₦27.4
4	Zenith Bank Plc	₦24.28
5	Guaranty Trust Bank Plc	₦13.0
6	Ecobank Nigeria	₦10.37
7	Fidelity Bank Plc	₦6.23
8	Stanbic IBTC Bank	₦4.97
9	FCMB (First City Monument Bank)	₦3.78
10	Union Bank of Nigeria	₦3.65

 

 

1. Access Bank Plc

Total Assets: ₦36.5 Trillion

Access Bank retains its position as the largest bank in Nigeria by total assets in 2025. After multiple mergers and acquisitions, most notably with Diamond Bank, Access Bank has cemented its status as a financial giant.

With operations in over 15 African countries and strong partnerships in the UK and Asia, Access Bank has embraced a pan-African strategy. It leads the industry in digital banking innovations and continues to grow its retail customer base aggressively.

 

2. United Bank for Africa (UBA)

Total Assets: ₦31.8 Trillion

UBA is one of the most internationally visible Nigerian banks, with subsidiaries in 20 African countries, and offices in the UK, France, and the United States. In 2025, UBA ranks second by net worth, supported by strong financials and a robust digital banking infrastructure.

The bank’s commitment to innovation, financial inclusion, and cross-border banking has been a major factor in its rapid growth.

 

3. First Bank of Nigeria

Total Assets: ₦27.4 Trillion

Founded in 1894, First Bank remains one of Nigeria’s most trusted financial institutions. Its massive agent banking network across rural and urban areas gives it a strategic edge in retail banking.

The bank has consistently modernized its operations, adopting new technologies and improving service delivery while maintaining its long-standing reputation for stability and trustworthiness.

 

4. Zenith Bank Plc

Total Assets: ₦24.28 Trillion

Zenith Bank is a heavyweight in Nigeria’s corporate and investment banking scene. The bank is known for its strong corporate governance, well-managed risk practices, and high profitability.

In 2025, Zenith continues to show strong returns, powered by innovation and an efficient digital banking model tailored to both individuals and businesses.

 

5. Guaranty Trust Bank Plc (GTBank)

Total Assets: ₦13.0 Trillion

Now part of GTCO Holdings, GTBank has diversified its operations beyond banking into payments and wealth management. Its total assets grew significantly in 2024, crossing the ₦13 trillion mark.

GTBank remains one of the most tech-savvy banks in Nigeria, offering a user-friendly app and seamless internet banking platform, making it popular among millennials and SMEs.

 

6. Ecobank Nigeria

Total Assets: ₦10.37 Trillion

As a subsidiary of Ecobank Transnational Inc., Ecobank Nigeria benefits from its pan-African structure. The bank specializes in trade finance and corporate services, attracting businesses involved in cross-border operations.

Ecobank’s inclusion in the top 10 highlights the growing influence of regional banks that offer a continental reach and multinational financial products.

 

7. Fidelity Bank Plc

Total Assets: ₦6.23 Trillion

Fidelity Bank has made impressive strides in recent years, climbing up the ranks by focusing on retail and SME banking. Its asset base grew steadily due to strategic expansion and international acquisitions, including a recently acquired UK-based bank.

The bank’s digital transformation and customer-first approach have also contributed to its growth and reputation.

 

8. Stanbic IBTC Bank

Total Assets: ₦4.97 Trillion

Stanbic IBTC, part of the Standard Bank Group, is a full-service financial services provider. It offers personal banking, asset management, pensions, and investment banking.

Its success in 2025 is largely tied to its diversified portfolio and loyal customer base in the wealth and investment segments.

 

9. FCMB (First City Monument Bank)

Total Assets: ₦3.78 Trillion

FCMB continues to focus on retail and SME banking. It has grown its presence significantly in underserved areas and has invested heavily in financial technology to serve a younger, digitally-native population.

While smaller than some of its competitors, FCMB’s consistent performance and commitment to innovation keep it among Nigeria’s top banks.

 

10. Union Bank of Nigeria

Total Assets: ₦3.65 Trillion

Established in 1917, Union Bank has undergone multiple restructuring processes over the years. Its renewed focus on digital banking and customer engagement has led to steady growth.

Union Bank remains one of the oldest and most recognizable financial brands in Nigeria, maintaining relevance through modernization and strategic lending.

 

Frequently Asked Questions (FAQs)

1. How are the richest banks in Nigeria ranked?
They are primarily ranked based on total assets, which include cash, loans, investments, and other financial instruments.

2. What contributes to a bank’s net worth?
Net worth is influenced by assets, profitability, capital base, and strategic investments or acquisitions.

3. Do these banks operate outside Nigeria?
Yes, major banks like Access, UBA, and Ecobank have international operations across Africa, Europe, and the US.

4. Which bank is best for savings and personal banking?
GTBank, First Bank, and Zenith Bank are known for excellent personal banking services with strong digital platforms.

5. Which bank is best for businesses and SMEs?
Fidelity Bank, FCMB, and UBA offer excellent SME-focused products and services tailored to small and growing businesses.

 

Conclusion

Nigeria’s financial system continues to mature, with the richest banks setting the pace for innovation, regional expansion, and financial inclusion. In 2025, these top 10 banks not only boast the highest asset bases but also lead in digital transformation, customer experience, and global relevance.

Whether you’re an individual seeking reliable banking services or a business looking for financial partnerships, these banks represent the strongest pillars in Nigeria’s banking landscape.