10 Articles
10 Articles
Nigerian banks shut 476 branches as digital banking gains ground - TV360 Nigeria
Lagos accounts for a third of nationwide closures as CBN pushes alternative payment channels…. Nigeria’s banking landscape is undergoing a gradual physical transformation, with Deposit Money Banks shutting 476 branches and cash centres between 2022 and 2025, according to data from the Central Bank of Nigeria. The decline represents an 8.8 per cent reduction in …
Nigerian Banks Shut 476 Branches As Physical Network Shrinks 8.8%
Nigerian banks closed a net 476 branches and cash centres between 2022 and 2025, cutting the industry’s physical network by 8.8 per cent as financial institutions increasingly shift services away from traditional banking halls. Data from the Central Bank of Nigeria’s 2025 Statistical Bulletin showed that the number of branches and cash centres nationwide fell […]
Banks operating in Nigeria have reduced their physical network by 476 agencies and cash centres between 2022 and 2025, according to data from the Central Bank of Nigeria (CBN). The number of sites has increased from 5,410 to 4,934, representing a decrease of 8.8%. The contraction has been mainly concentrated on...
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