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evolution of commercial banking in Nigeria

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Q: Historical evolution of commercial of banks in Nigeria?
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Bad and doubtful debts decrease the amounts of profits that a commercial bank in Nigeria can make. Because the banks cannot collect these debts, they make significant losses.


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Currently there are about 25 licensed commercial banks in Nigeria, these banks have been givenn license to carry out different commercial banking activities in Nigeria, however, it should be noted that there are other banking institutions (mortgage, microfinance etc) that also carry out different forms of banking activities in the country Their activities as related economy growth can be found here:


How central bank of nigeria controls other commercial banks?

central bank control other bank by giving them loan and it debited their account.


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