Like most modern institutions in the developing countries, the financial institution of banks and banking is foreign and, to begin with, banking was introduced in the last decade of the 19th century for the benefit of the early European mercantile houses in Nigeria. The first bank to appear on the Nigerian scene was the Bank of British West Africa (later known as t...

Like most modern institutions in the developing countries, the financial institution of banks and banking is foreign and, to begin with, banking was introduced in the last decade of the 19th century for the benefit of the early European mercantile houses in Nigeria. The first bank to appear on the Nigerian scene was the Bank of British West Africa (later known as t...