Banks play such a vital role in the economy of every nation by rendering critical services such as accepting deposits, and withdrawals, giving loans, "creating money" within its approved "minimum capital ratio," and also transmitting monetary policies, currency exchange, forex trading, wealth management among other roles to make the economy run efficiently while preserving the power of the currency.
Every nation, including Nigeria, has an apex bank, commonly referred to as a Central Bank, that …
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Different Types of Banking Licenses in Nigeria and Example Banks
(759 reads) See also ► CBN revokes licenses of 100+ microfinance banks, others ► How Banks are Killing Employee Loyalty In The Nigerian Banking Sector
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