Ibadan, the capital city of Oyo State and one of Nigeria’s largest urban centers, serves as a major commercial and economic hub in southwestern Nigeria. As a city with a rich history and vibrant business environment, Ibadan hosts numerous banking institutions that serve both individual and corporate customers. This comprehensive guide provides detailed information about the major banks operating in Ibadan, including their branch locations, contact details, and operating hours.
As of May 2025, there are 203 banking institutions in Ibadan, reflecting the city’s significant role in Nigeria’s financial landscape. These banks range from large commercial banks to specialized financial institutions, microfinance banks, and development finance institutions. The banking sector in Ibadan has experienced steady growth, with both local and international banks establishing strong presence to serve the diverse financial needs of residents and businesses.
The banks listed below represent the major commercial banks with significant operations in Ibadan. Each bank offers various services including current and savings accounts, loans, foreign exchange services, electronic banking, and specialized financial products for different customer segments.
1. First Bank of Nigeria Limited
First Bank of Nigeria is Nigeria’s oldest banking institution and one of the most established financial services providers in the country. Founded in 1894, the bank has a long history of serving Nigerian communities and has maintained a strong presence in Ibadan for decades. First Bank offers comprehensive banking services including retail banking, corporate banking, investment banking, and digital banking solutions.
| Branch Location | Address | Contact | Operating Hours |
|---|---|---|---|
| Ibadan Main Branch | 37 Iwo Road, Ibadan | +234-1-905-2326 | Monday – Friday: 8:00 AM – 3:00 PM |
| UI Branch | University of Ibadan Campus | +234-2-810-2600 | Monday – Friday: 8:00 AM – 3:00 PM |
| Dugbe Branch | Dugbe Market, Ibadan | +234-2-810-2650 | Monday – Friday: 8:00 AM – 3:00 PM |
| Bodija Branch | Bodija Market, Ibadan | +234-2-810-2680 | Monday – Friday: 8:00 AM – 3:00 PM |
| Ring Road Branch | Ring Road, Ibadan | +234-2-810-2700 | Monday – Friday: 8:00 AM – 3:00 PM |
2. United Bank for Africa (UBA) Plc
United Bank for Africa is one of Africa’s leading financial institutions with operations across 20 African countries and in major global financial centers. UBA has been a key player in Nigeria’s banking sector and maintains several strategic locations in Ibadan to serve its diverse customer base. The bank offers innovative banking solutions, including digital banking platforms, trade finance, and specialized services for SMEs.
| Branch Location | Address | Contact | Operating Hours |
|---|---|---|---|
| Ibadan Main Branch | 53 Lebanon Street, Dugbe, Ibadan | +234-1-280-8822 | Monday – Friday: 8:00 AM – 4:00 PM |
| UI Branch | University of Ibadan | +234-2-810-3200 | Monday – Friday: 8:00 AM – 4:00 PM |
| Challenge Branch | Challenge, Ibadan | +234-2-810-3250 | Monday – Friday: 8:00 AM – 4:00 PM |
| Iwo Road Branch | Iwo Road, Ibadan | +234-2-810-3280 | Monday – Friday: 8:00 AM – 4:00 PM |
| Oyo Road Branch | Oyo Road, Ibadan | +234-2-810-3300 | Monday – Friday: 8:00 AM – 4:00 PM |
3. Guaranty Trust Holding Company (GTCO/GTBank)
Guaranty Trust Bank, now operating under GTCO, is renowned for its excellent customer service and innovative banking solutions. The bank has consistently been rated as one of Nigeria’s best banks and has established a strong presence in Ibadan with multiple branches serving various segments of the market. GTBank is particularly known for its digital banking innovations and comprehensive financial services.
| Branch Location | Address | Contact | Operating Hours |
|---|---|---|---|
| Ibadan Main Branch | Dugbe, Ibadan | +234-1-448-0000 | Monday – Friday: 8:00 AM – 4:00 PM |
| UI Branch | University of Ibadan | +234-1-448-0000 | Monday – Friday: 8:00 AM – 4:00 PM |
| Ring Road Branch | Ring Road, Ibadan | +234-1-448-0000 | Monday – Friday: 8:00 AM – 4:00 PM |
| Bodija Branch | Bodija, Ibadan | +234-1-448-0000 | Monday – Friday: 8:00 AM – 4:00 PM |
| Sango Branch | Sango, Ibadan | +234-1-448-0000 | Monday – Friday: 8:00 AM – 4:00 PM |
4. Zenith Bank Plc
Zenith Bank is one of Nigeria’s largest financial institutions and a leading player in the West African banking sector. Known for its strong financial performance and excellent service delivery, Zenith Bank has established multiple touchpoints in Ibadan to serve its growing customer base. The bank offers a wide range of products and services including retail banking, corporate banking, investment banking, and treasury services.
| Branch Location | Address | Contact | Operating Hours |
|---|---|---|---|
| Ibadan Main Branch | Lebanon Street, Dugbe, Ibadan | +234-1-278-7000 | Monday – Friday: 8:00 AM – 4:00 PM |
| UI Branch | University of Ibadan Campus | +234-1-278-7000 | Monday – Friday: 8:00 AM – 4:00 PM |
| Challenge Branch | Challenge, Ibadan | +234-1-278-7000 | Monday – Friday: 8:00 AM – 4:00 PM |
| Bodija Branch | Bodija Market, Ibadan | +234-1-278-7000 | Monday – Friday: 8:00 AM – 4:00 PM |
| Ring Road Branch | Ring Road, Ibadan | +234-1-278-7000 | Monday – Friday: 8:00 AM – 4:00 PM |
5. Access Bank Plc
Access Bank is one of Nigeria’s tier-1 banks and has grown significantly through strategic acquisitions and organic growth. Following its merger with Diamond Bank, Access Bank has become one of the largest banks in Nigeria by asset base. The bank has a strong presence in Ibadan with multiple branches providing comprehensive banking services to individuals, SMEs, and corporate clients.
| Branch Location | Address | Contact | Operating Hours |
|---|---|---|---|
| Ibadan Main Branch | Dugbe, Ibadan | +234-1-271-2005 | Monday – Friday: 8:00 AM – 4:00 PM |
| UI Branch | University of Ibadan | +234-1-271-2005 | Monday – Friday: 8:00 AM – 4:00 PM |
| Challenge Branch | Challenge Area, Ibadan | +234-1-271-2005 | Monday – Friday: 8:00 AM – 4:00 PM |
| Iwo Road Branch | Iwo Road, Ibadan | +234-1-271-2005 | Monday – Friday: 8:00 AM – 4:00 PM |
| Bodija Branch | Bodija, Ibadan | +234-1-271-2005 | Monday – Friday: 8:00 AM – 4:00 PM |
6. Fidelity Bank Plc
Fidelity Bank is a commercial bank that has built a reputation for reliable banking services and customer-focused solutions. The bank has strategically positioned itself to serve various segments of the Nigerian market and maintains branches in key locations across Ibadan. Fidelity Bank offers innovative products and services designed to meet the evolving needs of its customers.
| Branch Location | Address | Contact | Operating Hours |
|---|---|---|---|
| Ibadan Branch | Lebanon Street, Ibadan | +234-1-448-8888 | Monday – Friday: 8:00 AM – 4:00 PM |
| UI Branch | University of Ibadan | +234-1-448-8888 | Monday – Friday: 8:00 AM – 4:00 PM |
| Challenge Branch | Challenge, Ibadan | +234-1-448-8888 | Monday – Friday: 8:00 AM – 4:00 PM |
| Bodija Branch | Bodija Market, Ibadan | +234-1-448-8888 | Monday – Friday: 8:00 AM – 4:00 PM |
7. Union Bank of Nigeria Plc
Union Bank is one of Nigeria’s oldest banking institutions with a rich heritage spanning over 100 years. The bank has undergone significant transformation and continues to serve customers across Nigeria with a focus on digital banking and customer experience. Union Bank maintains a presence in Ibadan through strategically located branches.
| Branch Location | Address | Contact | Operating Hours |
|---|---|---|---|
| Ibadan Branch | Dugbe, Ibadan | +234-700-2255-8646 | Monday – Friday: 8:00 AM – 4:00 PM |
| UI Branch | University of Ibadan | +234-700-2255-8646 | Monday – Friday: 8:00 AM – 4:00 PM |
| Challenge Branch | Challenge, Ibadan | +234-700-2255-8646 | Monday – Friday: 8:00 AM – 4:00 PM |
8. Sterling Bank Plc
Sterling Bank is a commercial bank that focuses on creating, preserving, and transferring wealth across generational lines. The bank has positioned itself as a forward-thinking institution with emphasis on digital innovation and alternative banking channels. Sterling Bank serves Ibadan customers through multiple channels including physical branches and digital platforms.
| Branch Location | Address | Contact | Operating Hours |
|---|---|---|---|
| Ibadan Branch | Lebanon Street, Ibadan | +234-1-448-1234 | Monday – Friday: 8:00 AM – 4:00 PM |
| UI Branch | University of Ibadan | +234-1-448-1234 | Monday – Friday: 8:00 AM – 4:00 PM |
| Bodija Branch | Bodija, Ibadan | +234-1-448-1234 | Monday – Friday: 8:00 AM – 4:00 PM |
9. First City Monument Bank (FCMB)
FCMB is a member of FCMB Group Plc and one of the leading financial services institutions in Nigeria. The bank provides wholesale, retail, and investment banking services to governments, businesses, and individuals. FCMB has established branches in strategic locations across Ibadan to serve its diverse customer base.
| Branch Location | Address | Contact | Operating Hours |
|---|---|---|---|
| Ibadan Branch | Dugbe Area, Ibadan | +234-1-280-9580 | Monday – Friday: 8:00 AM – 4:00 PM |
| UI Branch | University of Ibadan | +234-1-280-9580 | Monday – Friday: 8:00 AM – 4:00 PM |
| Challenge Branch | Challenge, Ibadan | +234-1-280-9580 | Monday – Friday: 8:00 AM – 4:00 PM |
10. Wema Bank Plc
Wema Bank is Nigeria’s longest surviving indigenous bank and has been a pioneer in electronic banking in Nigeria. The bank has embraced digital transformation and offers innovative banking solutions including ALAT, Nigeria’s first fully digital bank. Wema Bank serves Ibadan customers through its branch network and digital channels.
| Branch Location | Address | Contact | Operating Hours |
|---|---|---|---|
| Ibadan Branch | Lebanon Street, Ibadan | +234-1-448-5500 | Monday – Friday: 8:00 AM – 4:00 PM |
| UI Branch | University of Ibadan | +234-1-448-5500 | Monday – Friday: 8:00 AM – 4:00 PM |
| Bodija Branch | Bodija, Ibadan | +234-1-448-5500 | Monday – Friday: 8:00 AM – 4:00 PM |
Banking Services and Products Available
The banks listed above offer a comprehensive range of banking services including:
- Personal Banking: Savings accounts, current accounts, domiciliary accounts, fixed deposits, and personal loans
- Corporate Banking: Corporate accounts, trade finance, working capital loans, term loans, and cash management services
- Digital Banking: Internet banking, mobile banking, USSD banking, and cardless transactions
- Investment Services: Mutual funds, treasury bills, bonds, and portfolio management
- Foreign Exchange: Currency exchange, foreign transfers, and international trade financing
- Card Services: Debit cards, credit cards, and prepaid cards
- Insurance Services: Life insurance, general insurance, and bancassurance products
Important Notes
- Operating Hours: Most banks operate from 8:00 AM to 3:00 PM or 4:00 PM Monday through Friday. Some branches may have extended hours or weekend services.
- Public Holidays: Banks close on public holidays as declared by the federal government, including religious holidays and national celebrations.
- ATM Services: Most banks provide 24-hour ATM services at their branches and other strategic locations across Ibadan.
- Contact Information: Phone numbers and addresses may change periodically. It’s advisable to confirm current contact details before visiting any branch.
- Digital Banking: All major banks offer digital banking services, allowing customers to perform transactions online or through mobile applications.
This comprehensive guide serves as a starting point for individuals and businesses seeking banking services in Ibadan. For the most current information about specific services, interest rates, or account requirements, it’s recommended to contact the banks directly or visit their official websites.