Banks shut 229 branches across Nigeria Commercial banks operating in Nigeria have closed 229 branches nationwide, financial analysts have confirmed, signalling a significant shift in the country’s banking landscape. The closures, which took effect in recent weeks, were attributed by industry experts to a combination of economic pressures, rising operational costs, and increased adoption of digital banking platforms. With more customers opting for online, mobile banking services, and point of sales (POS), banks have been reviewing the viability of maintaining large networks of physical outlets. In a statement, the Bankers’ Committee noted...