School Guide

Best Universities to Study Banking and Finance in Nigeria

Banking and Finance explores the dynamic, fast-paced world of money, stocks, credit, and investments. The financial sector is crucial to our economy because it offers the assets or cash liquidity that people and corporations need to make future investments.

The duration of the programme is four years for those who enter through the Unified Tertiary Matriculation Examination (UTME), three years for those who enter directly after earning an Ordinary National Diploma (OND) or National Certificate in Education in Banking and Finance, and three years for those who enter directly after receiving pass or third class.

Best Universities to Study Banking and Finance in Nigeria

Banking and Finance explores the dynamic, fast-paced world of money, stocks, credit, and investments

Below are the best universities to study banking and finance in Nigeria 

University of Lagos

The University of Lagos is one of the top schools in Nigeria for a degree in banking and finance. Located in the commercial hub of Lagos, the university offers a world-class education that will prepare you for a successful career.

This four-year program provides a solid foundation in banking, finance, accounting, and economics. Some of the courses you can expect to take include:

  1. Principles of Finance
  2. Financial Institutions and Markets
  3. Investment Analysis
  4. International Finance
  5. Risk Management

With a curriculum focused on both theory and practical skills, you’ll gain valuable experience through internships, research projects, and frequent interactions with industry professionals.

The University of Lagos cares about your success and provides resources to help you land a job after graduation. They offer:

  • Career counseling and coaching services.
  • Opportunities to network with employers through job fairs, guest lectures, and more.
  • Access to job listings from some of Nigeria’s top banks, including First Bank, UBA, GT Bank and Access Bank.

The University of Lagos is a highly esteemed school, recognized as one of the best in West Africa. Despite its prestige, tuition remains quite affordable. With a degree from here, you’ll have the knowledge and credibility to pursue a successful career in finance or banking anywhere in the world.

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University of Nigeria, Nsukka

The University of Nigeria, Nsukka (UNN) is one of the premier universities in Nigeria with a long-standing reputation for excellence in business and finance education.

Established in 1960, UNN has over the years built a legacy of academic excellence in business, management and finance. The university offers undergraduate and postgraduate programs in Accounting, Banking and Finance, Business Administration and Management.

UNN’s business school is accredited by the Association of African Business Schools and boasts of state-of-the-art facilities and highly qualified faculty. Some of the programs in the Department of Banking and Finance include:

  • B.Sc. Banking and Finance: This 4-year program provides students a solid foundation in banking, financial institutions and capital markets.
  • MBA Banking and Finance: The MBA program is designed to equip students with advanced knowledge and skills required for a successful career in the banking and finance industry.
  • Ph.D. Banking and Finance: The doctoral program focuses on producing scholars and researchers in specialized areas of banking and finance.

Graduates of UNN’s banking and finance programs are well sought after in Nigeria’s banking, financial services and capital markets sectors. The programs expose students to contemporary issues in banking, finance and investments using a blend of theory and practice. Students also gain valuable experience through internship opportunities with leading companies.

The serene environment and residential nature of the university also make it conducive for learning. Accommodation is available in the hostels on campus for students interested in living in the school.

UNN remains a top choice for anyone looking to study banking, finance and investments at an undergraduate or postgraduate level. With its long history of academic excellence and a curriculum benchmarked against international standards, a degree from UNN will provide you a solid foundation for a successful career in Nigeria’s finance industry.

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University of Ibadan

The University of Ibadan is a prestigious yet affordable option for finance majors in Nigeria. As Nigeria’s first university, established in 1948, UI has a long-standing reputation for excellence.

UI has relatively low tuition compared to other top schools. As a federal university, tuition is subsidized by the government. You’ll pay around ₦45,000 per semester for finance and accounting programs. Scholarships and financial aid are also available for high-achieving students with financial need.

UI offers finance, accounting and banking degrees at the bachelor’s, master’s and doctoral levels. The bachelor’s in finance, accounting and banking & finance are very popular, covering topics like investment management, financial markets, auditing, taxation and more. UI’s business school is accredited by the Association to Advance Collegiate Schools of Business.

UI provides opportunities for real-world experience through internships, research projects and networking. The school frequently hosts executives and alumni from top Nigerian banks and financial firms as guest lecturers. Students can participate in finance competitions and join student clubs to build their skills and connections.

Many influential leaders in Nigeria’s financial sector are UI alumni, including CEOs of major banks like First Bank, UBA and Sterling Bank. The university’s notable alumni network can lead to mentorship and job opportunities after graduation.

If you want an affordable, high-quality finance education surrounded by like-minded students and professors, consider the University of Ibadan. Its prestigious reputation and successful alumni will give your resume a boost, opening doors to a thriving career in Nigeria’s banking and finance industry.

READ ALSO: Best Universities to Study Business in Nigeria


Many prospective students considering communication  programs in Nigeria likely have questions about the field of study and process. Here are some of the most frequently asked questions and their answers:

What are the basics of banking and finance

bank is specific kind of financial entity that simultaneously accepts public deposits, issues demand deposits, and lends money to its clients. These lending activities can be carried out by banks directly or using capital.

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