CBN adds 3 new names to list of banks in Nigeria

The Central Bank of Nigeria (CBN) has confirmed the licensing of three new banks by adding them under different lists published on its website.

Titan Trust Bank Limited and Globus Bank Limited have been added to the list of Deposit Money Banks (DMBs) and financial holding companies operating as on July 23rd, 2019. The list also indicates that the regulator has issued a Non-Interest Banking license with regional authorization to TAJ Bank Limited.

23 commercial banks are now operating in Nigeria, from the earlier 21. While number non-interest banks have been increased to 2.