Nigerians open 35.19m new bank accounts in 5 months

In the first five months of 2020 spanning January to May, Nigerian banks have recorded a total of 35.19 million new bank accounts opened by account holders across the sector, Business Metrics has gathered. Consequently, total bank accounts domiciling with the lenders as at the end of May stood at 160.038 million, rising by 28.19 per cent from 124.85 million at the end of December, 2019, according to the latest industry data obtained from the Nigerian Interbank Settlement System (NiBSS). Analysis of the statistics shows that, as at the period…

Read more