The Most Valuable Nigerian Banks by Total Assets

Nigeria’s banking sector continues to show strength, even with the tough economic conditions in the country. Rising inflation, unstable exchange rates, and a slow economy have not stopped the major commercial banks from growing their businesses.

New financial reports for the second quarter of 2025 show that Nigeria’s 10 biggest banks now control a combined total asset value of about N223.41 trillion. This is an increase of more than N10 trillion from December 2024. It shows that the banks are still expanding, lending, and investing.

Bank assets are the valuable things a bank owns, such as loans, investments, and cash deposits. When a bank’s total assets increase, it usually means the bank is growing stronger and serving more customers.

Here is a look at the current ranking of Nigeria’s most valuable banks by total assets.

Ecobank
Ecobank sits at the top of the list with N49.09 trillion in total assets. The bank operates in many African countries, giving it strong foreign currency earnings and a wider market than most Nigerian lenders.

Access Bank
Access Bank follows closely with N42.45 trillion. The bank has continued to expand across Africa through mergers and acquisitions, especially in East Africa.

United Bank for Africa (UBA)
UBA has N33.27 trillion in total assets. Its large network across Africa and strong digital banking services help to boost its growth.

Zenith Bank
Zenith Bank ranks fourth with N30.99 trillion in assets. It remains one of the most profitable banks in the country, supported by strong customer trust and corporate banking services.

First Bank
With N27.20 trillion in total assets, First Bank remains one of the most stable financial institutions in Nigeria. It continues to grow while serving millions of customers nationwide.

GTCO
Guaranty Trust Holding Company, the parent company of GTBank, has N16.69 trillion in total assets. The group has diversified into payments, pensions, and other financial services.

Stanbic IBTC
Stanbic IBTC records N8.12 trillion in total assets. Its strength comes from investment banking and wealth management.

FCMB
First City Monument Bank has N7.54 trillion in total assets. Its business remains steady as it focuses on retail and small business banking.

Sterling Bank
Sterling Bank holds N4.08 trillion in assets. It has been improving its digital services and expanding its retail banking operations.

Wema Bank
Wema Bank completes the top ten list with N3.97 trillion in total assets. The bank’s digital brand, ALAT, continues to attract younger customers.