CBN Issues Operating License To Three New Banks – SEE NAME OF BANKS

Spread the love

The apex bank, Central Bank of Nigeria has issued Operating Licence to three news banks to operate in Nigeria.

The new banks are Titan Trust Bank Limited, TAJ Bank Limited and Globus Bank Limited.

READ ALSO:   https://www.sojworldnews.com/video-newscaster-weeps-announcing-youth-corps-with-channels-tvs-death-from-stray-bullets/

According to the apex bank, Titan Trust and Globus Bank will operate as commercial lenders while TAJ Bank Limited was licensed to operate as a non-interest bank.

TAJ Bank would join Jaiz Bank as the two banks operating as a non-interest bank in the country.

Before the banking reform of 2005, instituted by ex-governor of the CBN, Charles Soludo, Nigeria has as many as 89 banks operating as commercial and merchant banks.

READ ALSO:   https://www.sojworldnews.com/tragedy-man-dies-after-he-fell-from-10th-floor-in-edo-state/

With the reform, which hikes minimum capital base to 25 billion naira from 2 billion naira, the number reduced to 24 universal banks.

 

 

www.sojworldnews.com (c) July 24, 2019

Be the first to comment

Leave a Reply

Your email address will not be published.


*


This site uses Akismet to reduce spam. Learn how your comment data is processed.