Wema Bank PLC Marina Lagos Nigeria Incorporated in 1945 as a Private Limited Liability Company (under the old name of Agbomagbe Bank Limited) and commencing banking operations in Nigeria the same year, Wema Bank later transformed into a Public Limited Company (PLC) in April 1987 and was listed on the floor of the Nigerian Stock Exchange (NSE) in January 1990. On February 5, 2001, Wema Bank Plc was granted a universal banking licence by the Central Bank of Nigeria (CBN), thus allowing the Bank provide the Nigerian public with diverse financial and business advisory services.
Stanbic IBTC Bank PLC Victoria Island Lagos, Nigeria The Standard Bank Group merged its Nigerian operations, Stanbic Bank Nigeria with that of IBTC Chartered Bank PLC. The merger, by way of the first ever tender offer in Nigeria and a $525 million FDI, the largest in Nigerian financial history, gave birth to a new entity now known as Stanbic IBTC Bank PLC which became part of the Standard Bank Group. The merger was officiated in August of this year and legalised on the 24th of September 2007.
Citibanks Victoria Island Lagos Nigeria Citi has been doing business in Nigeria since 1984. The bank formerly operated under the name Nigeria International Bank Limited, but was renamed to Citibank Nigeria Limited (Citi Nigeria) in 2008 to fully align with Citi's global brand and identity.
Zenith Bank Plc Victoria Island Lagos, Nigeria Incorporated as Zenith International Bank Limited on 30 May 1990 and Headquartered in Lagos Nigeria as a private limited liability company, the Bank was licensed to carry on the business of banking in June 1990. The Bank's name was changed to Zenith Bank Plc on 20 May 2004 to reflect its status as a public limited liability company. The Bank's shares were listed on the Nigerian Stock Exchange (NSE) on 21 October 2004 following a highly successful Initial Public Offering (IPO). Nigerian institutions and individuals numbering over a million currently own the shares of the bank.
First City Monument Bank FCMB was incorporated as a private limited liability company on 20 April 1982 and granted a banking license on 11 August 1983. On 15 July 2004, the Bank changed its status from a private limited liability company to a public limited liability company and was listed on the Nigerian Stock Exchange by introduction on 21 December 2004.