CBN Issues Licences to Three New Banks -Nigeria News Live
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CBN Issues Licences to Three New Banks

Olaitan Nurudeen

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The Central Bank of Nigeria has issued licences to three new banks.

According to an updated list made available on the apex bank’s website, the number of banks has increased to 23 from 21.

The CBN also issued a licence to a non-interest bank, increasing the number to two.

What this means is that the three new banks can begin operation in any part of Nigeria henceforth and thereby contribute their own quota to the financial markets and ultimately to the country’s economy.

The new deposit money banks are Titan Trust Bank Limited and Globus Bank Limited.

TAJ Bank Limited also joins Jaiz Bank as a non-interest bank.

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Nur'deen Olaitan, a Linguist from University of Ilorin. Passionate about sport, travelling, writing, & politics. He puts humanity above anyone or anything. He hold honesty and integrity in high esteem.Reach him via nakata@newsliveng.com

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