The Central Bank of Nigeria (CBN) has finally confirmed the licensing of three new banks. This is revealed in the information obtained from the website of the apex bank.
According to the section of CBN’s website containing the list of Deposit Money Banks (DMBs) and financial holding companies operating as at July 23rd, 2019, Titan Trust Bank Limited and Globus Bank Limited have been added.
The list also indicates that the regulator has issued a Non-Interest Banking license with regional authorisation to TAJ Bank Limited. With the latest information, the commercial banks operating in the country are now 23, from the initial 21. Also, non-interest banks are now two.
Samson Oyedeyi
