There are between 24 to 33 commercial banks in Nigeria as of 2025. One source states there are 24 commercial banks after industry consolidation, while another mentions 33 banks holding commercial banking licenses at different operating levels (international, national, regional) in Nigeria.
The Central Bank of Nigeria regulates these banks and issues licenses. The differences in the number may reflect different criteria or recent changes in the banking industry. The common figure cited for total commercial banks post- consolidation is 24, but some sources include more banks with various licensing levels, making a total of 33 banks. Thus, the current number of commercial banks operating in Nigeria is approximately 24 to 33.
