Private company

Afribank

Nigerian commercial banking, real estate and insurance broker1

Afri Bank PLC was a commercial banking, real estate and insurance broker based in Lagos, Nigeria. It was established by French investors in 1959 under the name Banque Internationale pour l'Afrique Occidentale (BAIO). As at 2010, the bank operated over 250 branches across Nigeria, and was one of the region's "Big Four" banks.2 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

1959Founded1
  • Industryeconomics of banking, real estate development1
  • HeadquartersLagos State1
  • Websitewww.ixp.net.ng

Afri Bank PLC was a commercial banking, real estate and insurance broker based in Lagos, Nigeria. It was established by French investors in 1959 under the name Banque Internationale pour l'Afrique Occidentale (BAIO). As at 2010, the bank operated over 250 branches across Nigeria, and was one of the region's "Big Four" banks. Afribank used the Temenos Globus banking application in its branches.2

Products and brands

Afribank's core business was in commercial and retail investment banking. It also operated stock brokering firm, an insurance brokerage firm, a trustees and investments company, and estate development company, a capital market firm, and an offshore finance company in Dublin, Ireland. Afribank also invested in companies in the financial and real sectors of the Nigerian economy.

From Wikipedia’s article on Afribank, shared under CC BY-SA 4.0.3

Subsidiaries and ownership

Parent company

  • Afribank

Subsidiaries

  • Afribank

From Wikidata.1

Timeline

  1. 1959Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

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