The issuance of the Nigerian naira, as well as other government financial transactions, is regulated by the Central Bank of Nigeria (CBN), which has been in operation since 1959. It oversees the operations of all banks and other financial institutions in the country, ensuring stability and adherence to standards.
Top banks with nigerian naira (NGN)
Let's take a look at the top banks in Nigeria whose services citizens and foreigners use most often:
It obtained its commercial banking licence in 1988. Its operations cover all four key sectors: personal, corporate, investment and business banking.
Absorbed Diamond Bank in April 2019, after which it became the highest-volume bank in Nigeria in terms of assets and operations. The institution employs over 7,000 people, has opened around 600 branches nationwide, plus two branches in the UK, and has offices in Lebanon, India, UAE, and China.
Guaranty Trust Bank
Started banking activities in 1991. Today it provides a full range of financial-related services, including retail, corporate, investment banking, online and internet banking, and asset management.
In 2007, Guaranty Trust Bank held an IPO on the London Stock Exchange, making it the first African bank to list on the LSE. The institution employs over 6,500 people, has around 50 local branches and has opened branches in the UK and some African countries.
Founded in 1990, offers retail and SME banking, private, corporate and investment banking, foreign exchange, treasury, trade and more. In 2004, it became a public limited company and was subsequently listed on the Nigerian Stock Exchange.
The financial institution has a total customer base of over 1.6 million and 7,500 employees. The network includes about 440 branches in the country and representative offices and subsidiaries in the UAE, China, Britain, and African countries.
Ecobank Nigeria is a subsidiary of the pan-African banking group Ecobank Transnational Inc. The universal bank provides personal, corporate, wholesale, and transactional banking services, capital markets and investment banking.
Ecobank Nigeria controls over 600 branches nationwide, allowing access to many facilities, including treasury services.
How to exchange nigerian naira (NGN) online
The easiest way to maximise your choice of payment destinations is through exchangers. And our site will help you find the most favourable ones available now. We work only with time-tested services and fully comply with the conditions that ensure customers' safety.
Select the payment direction of interest on the left to see the list of exchangers ready to work with it. You can evaluate the proposed options by reviews, reserves, and exchange rates to make the choice as thoughtful as possibl