2020-06-29 | FPR/DIR/GEN/CIR/07/057

CIRCULAR ON THE EXPANSION OF THE SCOPE OF REGIONAL BANKS IN NIGERIA

The Central Bank of Nigeria is expanding the scope of regional banks to promote financial inclusion. All banks with regional authorization must now operate in one additional geopolitical zone, bringing the total to a minimum of two zones. The compliance timeline for banks to establish a presence in the advised zone is six months from the regulatory advice issuance.

Nigeria

Central Bank of Nigeria

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