Banks Shut 476 Branches in Three Years as Nigeria’s Physical Banking Network Shrinks
Deposit Money Banks in Nigeria closed a net 476 branches and cash centres between 2022 and 2025, representing an 8.8 per cent reduction in the Country’s physical banking network, according to data from the Central Bank of Nigeria (CBN). Figures contained in the CBN’s 2025 Statistical Bulletin for the Financial Sector showed that the number…