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Posted by Obinna
on November 27, 2008 at 01:25:02:
 There are many banks now in Nigeria after the recapitalisation exercise. They have reduced in nimber but also increased in capital base whihc has helped move Nigeria's economy forward with more opportunities for entrepreneurs to have access to quick loans, asset acquisition schemes, naira denominated credit cards. These banks no have enough capital to expand their operations across the length and breadht of Nigeria and also to foreign nations. It is such an irony that in spite of the global financial crises, banks in Nigeria are doing well and gaining grounds in developed but now financially distressed countries. Nigeria's economy has been rated as one of the safest economies in the world by Merryl Lynch and it cannot be far from the truth given that the banks are now more regulated than before, the economy experienced growth in earnings from crude oil and democracy is taking good root in the ground. I'm really optimistic that this trend will continue with the banks playing a vey important part in devloping our economy. They used to be many banks in Nigeria before of which number i did not really know but now there are only 23 banks in Nigeria which i list below; 1. Access bank
Follow Ups: Re: Banks in Nigeria Posted by Olu4short
on December 17, 2008 at 04:45:45:
 That's telling. Where is standard trust bank by the way? Posted by Obinna
on May 29, 2009 at 01:13:56:
You mean STB? It is now merged with UBA. Posted by oligie eki lucky
on July 22, 2009 at 04:19:56:
 it,s only bank that made up nigeria's economy, if not why do we always talk about bank. i think the government should do more in other area of the economy
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