Banking system, CBN, Bank consolidation.


This paper examines banking sector development in Nigeria from the Structural Adjustment era of the mid-1980s and the current reforms taking place in the financial service industry in terms of consolidation. In addition, the paper tries assess the banking system consolidation in Nigeria and the challenges and prospects expected. The paper is structured into six parts. following this introduction\, the part two discusses an overview of the banking system in Nigeria. part three reviews some regional experiences, while part four evaluates banking system consolidation in Nigeria and part five examines the challenges and prospects. while part six, summarizes and concludes the paper. Finally, the paper tried to evaluate the banking system consolidation in Nigeria and examined some regional experiences in consolidation process. Banking consolidation was brought about as a result of the unprecedented change in the global financial architecture, where continuing technological innovation, border-less barriers, and competition had played a significant role.

Author Bio

The author is a staff of Central Bank of Nigeria.

Publication Title

CBN Bullion







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