Origin of Nigeria Banking System

Origin of Nigeria Banking System 

          Orjakor (1999, 132 –135) holds that the organ of the Nigerian Banking system dates back to the colonial period. The activities of the extra territorial merchants in the former West African colonies and the establishment of settle territorial government created need. For locally based financial institutions in 1894, the banks for British West African was established in Lagos mainly to facilitates commerce between Nigerians and their British counterparts in business.  [Read more…]