NIGERIA – Two of Nigeria’s national commercial banks, Access Bank and Sterling Bank have received Approval-in-Principle from the Central Bank of Nigeria (CBN) to restructure into a holding company. The two Banks have joined a list of conventional banks in Nigeria, that are diversifying and restructuring their operations into holding companies. The proposed holding company structure would enable the bank to further accelerate their objectives around business diversification, improved operational efficiencies, talent retention, and robust governance. The move is in line with a policy shift by the Central Bank of…
Read MoreNigeria’s Access and Sterling Banks receive regulatory approval to become holding companies
