Top 10 Banks in Nigeria 2020 – Banks are the powerhouses of any nation’s economy and since their relevance can’t be overemphasized, even the smallest country in the world that could be akin to the size of a local council in Nigeria, still own a bank. This bank known as Investment Bank & Trust Company PLC ( IBTC) began as an Investment Bank on the 2nd of February, 1989 with Atedo N.A Peterside presiding as the Chief Executive Officer. The Central Bank of Nigeria in 2005 made announcements on it’s policy to recapitalise commercial banks. Access Bank Plc – One of the largest banks in Nigeria with assets of about N3.5 trillion and market value of N287 billion as of November 10, 2017.. Afribank plc provided commercial and investment banking services. The Central Bank of Nigeria withdrew the banking license of Afribank in 2011. Barclays (Nigeria) offers international banking services in Lagos.