The Central Bank of Nigeria has released a list of 44 licensed deposit money banks in Nigeria.
The apex bank made this public in a post released on its official website on Tuesday.
According to CBN, Seven banks, including Zenith Bank, Access Bank, First Bank, First City Monument Bank, United Bank of Africa, Fidelity, and Guaranty Trust Bank, have Commercial Banking licenses with international authorization as of April 26, 2024.
Also, fifteen banks have commercial banking licenses with National Authorization.
Similarly, four banks have commercial banking licenses with regional authorization, and four non-interest banks have national authorization.
The bank said the country has six merchant banks licensed with national authorization.
It stated that financial holding companies increased to seven.
CBN added that the country has a Mauritius commercial bank representative office.
The list comes months after the CBN raised the minimum capital requirement for all banks in Nigeria to strengthen the country’s financial sector.
| Posted: at | |
TRENDING GISTS 
Actor Emeka Nwagbarocha Knocks Nigerians Over VeryDarkMan Welcome Party
PHOTOS: Troops Arrest Notorious Gunrunners, Recover Arms In Kaduna
"I Was Nearly Burnt Alive In My Office During #EndSARS Protests"- Desmond Elliott
PHOTOS: Young Woman Brutally Murdered By Suspected Ritualists, Priv@te Part Removed In Ogun
Woman Slams Her Husband For Allegedly Having Unprotected S3x With Random Girls After Publicly Apologizing To Her
Actress, Laide Bakare Crowned UN Ambassador Of Peace
VIDEO: President Tinubu Conferred With a Chieftaincy Title in Anambra State
Passengers Killed, Vehicles Set Ablaze As Gunmen Attack Commercial Bus in Imo