10 Best Nigerian Universities to Study Banking & Finance (2024)

Last updated on October 5th, 2023 at 09:33 pm

Banking and Finance hold immense significance in today’s society, offering students a comprehensive understanding of diverse facets within the banking sector. This just not include mere transactions of deposits and withdrawals, this course entails a four-year undergraduate program that delves into a range of subjects spanning economics, accounting, banking, and more. Graduates equipped with a degree in Banking and Finance are qualified to pursue various roles within different departments of financial institutions, including auditing, loan management, and banking operations. In this article, we showcase the top Nigerian universities where you can study Banking & Finance.

Best Nigerian Universities to Study Banking & Finance


Here are the 10 best Nigerian Universities renowned for their excellence in imparting knowledge and skills in the field of Banking and Finance.


Situated in Ekpoma, Edo State, Nigeria, Ambrose Alli University stands as a prominent institution of higher learning for the study of Banking & Finance. Within the esteemed Faculty of Management Sciences, you’ll find the distinguished Banking and Finance Department. The primary objective of this program is to instill theoretical and practical knowledge in individuals, empowering them to become innovative, self-reliant, and confident professionals in the realm of banking and finance.

Throughout its history, the university has nurtured graduates who have made significant contributions to the banking sector, positively impacting society as a whole. Pursuing a BSc. degree in Banking and Finance equips students with invaluable analytical skills, enabling them to identify, define, and resolve complex problems. Additionally, students receive comprehensive training in decision-making, preparing them for managerial roles where they can excel.

Moreover, the course fosters the development of leadership abilities and enhances interpersonal relations skills, which are essential qualities within the dynamic Banking and Finance sector. Graduates from the Banking and Finance program at Ambrose Alli University are widely praised for their exceptional soft skills, proving invaluable in their professional endeavors.


This school is leading in enhancing Banking and Finance education in Nigeria. Situated in the heart of Ado Ekiti, Ekiti state, Afe Babalola University takes immense pride in its exceptional Banking and Finance program. Within the esteemed College of Social and Management Sciences, the Department of Banking and Finance stands as a testament to the university’s commitment to academic excellence. Since its inception in the 2009/2010 academic session, this pioneering program has been dedicated to equipping students with the skills and knowledge essential for a successful career in the banking sector.

What sets the Banking and Finance program at Afe Babalola University apart from others is its holistic approach to education. It not only imparts comprehensive theoretical understanding but also emphasizes practical application, preparing students to meet the demands of the industry head-on. By fostering a deep understanding of banking principles and practices, this program provides a solid foundation for students to thrive in their professional endeavors.

Furthermore, Afe Babalola University’s Banking and Finance program goes beyond traditional academics by actively supporting students in their pursuit of professional qualifications. Specifically, it aligns with the esteemed Chartered Institute of Bankers of Nigeria, enabling students to prepare for and excel in their professional examinations. This integration ensures that graduates not only receive a Bachelor of Science degree in Banking and Finance but also attain esteemed professional membership in the Chartered Institute of Bankers of Nigeria.

Upon graduation, Afe Babalola University’s Banking and Finance students emerge as highly accomplished individuals, ready to make a profound impact in the industry. Their exceptional quality and expertise are recognized by employers, who often commend them for their outstanding performance. Alternatively, many graduates choose to embark on entrepreneurial ventures, leveraging their comprehensive knowledge to create successful enterprises.


Covenant University is located Ota, Ogun state. This private university ranks well in the nation. The University previously housed the Department of Banking and Finance as a programme inside the Department of Business Studies. The department was founded in March 2002/2003 with the goal of becoming a global leader in banking and finance. Its curriculum is carefully designed to develop future financial management and executive leaders who can transform the Nigerian banking and finance industry and the world.

Covenant University emphasises quality instruction and creative learning methods. Students are prepared for local and international breakthroughs in finance and commerce through in-depth research and professional services. Covenant University banking and finance graduates are future industry leaders. They are trained to compete with the finest in global finance.


Babcock University, located in Ilishan-Remo, Ogun State, is a prestigious private institution. With a vision to equip students with comprehensive knowledge to thrive in the ever-changing society, both at national and international levels, the university established its Banking and Finance department. This department aims to train students in acquiring the necessary expertise to tackle social and economic challenges prevalent in our society. By combining classroom lectures, field research, and practical sessions, the department ensures students gain a deep understanding of the program.

Babcock University places great emphasis on scholarly networking and embraces Information and Communication Technology (ICT) in content and course development. This approach enables its students to compete at a global scale. The B.Sc. Banking and Finance programme at the university prepares graduates for careers in various sectors, including business organizations, financial institutions, academia, and research. Equipped with a well-rounded education, graduates are capable of making significant contributions in both the public and private sectors in Banking & Finance.


Situated in Iwo, Osun State, Bowen University stands as a distinguished private institution affiliated with the Baptist Christian faith. In 2006, the university’s Department of Accounting and Banking and Finance underwent a significant transformation, emerging as an autonomous entity known as the Banking and Finance department. This strategic evolution aimed to cultivate well-rounded graduates in the field of Banking and Finance, armed with the necessary competencies to thrive in leadership and management roles, while also making valuable contributions to the nation’s financial progress.

The department’s primary objective is to equip its students with a comprehensive skill set and instill in them the essential qualities required to excel in the dynamic world of finance. By fostering a robust academic environment, Bowen University ensures that its graduates possess the knowledge and expertise to tackle intricate challenges within the financial sector. With a commitment to producing high-caliber professionals, the department has consistently delivered individuals capable of offering innovative solutions and driving positive change.

Graduates from the Banking and Finance department at Bowen University possess a unique advantage in today’s competitive job market. Endowed with exceptional analytical and managerial acumen, they are well-prepared to assume influential positions within both public and private organizations. Their ability to navigate complex financial landscapes enables them to thrive in middle and top-level managerial roles, contributing to the growth and prosperity of their respective institutions.


Situated in Omu-Aran, Kwara State, Nigeria, Landmark University stands as a prestigious private Christian university closely associated with the Living Faith Church. With a focus on excellence in education, the university offers a range of professional courses, including the distinguished Accounting, and Banking and Finance courses within its esteemed Banking and Finance department. These programs span a duration of four years and culminate in the prestigious Bachelor of Science Degree.

At Landmark University, each program is meticulously crafted to equip students with comprehensive knowledge and skills in finance, entrepreneurship, and management. The university recognizes the significance of providing a well-rounded education that prepares individuals to thrive in contemporary society. As a result, graduates from the Banking and Finance department possess expertise in various domains, including trades, fiscal and taxation policies, auditing, and banking.

One of the key strengths of the Banking and Finance program at Landmark University is its emphasis on preparing students for professional examinations, such as ICAN (Institute of Chartered Accountants of Nigeria), which they can pursue even before completing their degree. This unique approach empowers students to attain professional certification and become chartered professionals prior to graduation.


In order to gain admission to study Banking and Finance in a top Nigerian university, there are several requirements that candidates must fulfil. These criteria may vary slightly among institutions, but generally, they follow the pattern outlined below:

  1. West African Senior School Certificate Examination (WASSCE) or National Examinations Council (NECO): Candidates must have at least five credit passes in relevant subjects in not more than two sittings. The subjects should typically include English Language, Mathematics, Economics, and any two subjects from Accounting, Business Studies, Government, and Geography.
  2. Unified Tertiary Matriculation Examination (UTME): Candidates must also register and pass the UTME, which is organised by the Joint Admissions and Matriculation Board (JAMB). For Banking and Finance, relevant subjects usually include English Language (compulsory for all courses), Mathematics, Economics, and one other social science subject.
  3. Direct Entry: For those who wish to enter through Direct Entry (that is, to start from the second year of the programme), they must possess either a National Diploma in a relevant course from an accredited institution, with a minimum of Lower Credit; or two ‘A’ level passes in relevant subjects.
  4. Post-UTME: Some universities also require that candidates sit for a Post-UTME screening exercise, in addition to the standard UTME.
  5. English Language Proficiency: As the medium of instruction in Nigerian universities is English, students must have a good command of the English language.


While these schools are among the best academic institutions in the country that offers Banking & Finance as a course in Nigeria, remember to check the specific requirements of your chosen university, as these can sometimes vary. The aforementioned requirements are the general conditions that should be met in order to study Banking and Finance in a Nigerian university. Studying at a reputable university is an excellent first step towards a successful career in the Banking and Finance sector.

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Oluchi Chukwu

Oluchi is a seasoned Information blogger, content developer and the editor of Nigerian Queries. She is a tech enthusiast who loves reading, writing and research

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