Friday, Dec 6th 2019 6:11 AM
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Market Digest Nigeria

Finance

Central Bank licenses 3 new banks

Central Bank

Central Bank of Nigeria (CBN) has approved licenses for three new financial institutions in the country.

According to updated records for financial institutions posted on its website, the apex bank has approved TAJ Bank Limited as a non-interest bank on July 3, 2019, to bring the number of non interest banking institutions to two after Jaiz Bank Plc.

The other two financial institutions are Titan Trust Bank Limited and Globus Bank Limited.

Titan Trust Bank Ltd was registered in December 2018, while Globus Bank Limited was registered July 10, 2019, according to CBN records. The two commercial banks have their addresses on Victoria Island, Lagos.

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