Business
Nigerian Banks Shrink Footprint, Digital Divide Widens
Nigeria's banking sector faces a stark transformation as 476 branches vanished in three years, per new CBN data. While digital banking booms, this contraction deepens regional inequality, with states like Ekiti losing nearly half their physical banking access. The shift reveals a critical challenge in financial inclusion across the nation.
AIT Live·September 15, 2026AI-curated
Fresh data released by the Central Bank of Nigeria shows that Deposit Money Banks and cash centres closed a net 476 branches over a three-year period, shrinking the national footprint down to 4,934 locations. Figures contained in the CBN’s 2025 Statistical Bulletin for the Financ
nigeriabankingfintecheconomyfinancial inclusion
This story was sourced from AIT Live and rewritten in SEVA editorial voice. Read the full original at the source.