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The importance of the banking industry in any economy is one that cannot be easily brushed aside with a wave of the arm. It permeates every facet of the society, as the government, corporations, business men, and indeed individuals make use of the services of banks for a lot of very important transactions. The history and growth of indigenous banks In Nigeria is woven intricately around the growth of commercial banking in the country. The role and emergence of the banking industry in the country can be traced to the year 1892, when the African Banking Corporation (based in Lagos) opened a branch in Lagos.
Read » The evolution of banking in Nigeria


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