Nigeria's Branch Exodus: 476 Banks Close as Digital Finance Reshapes Banking

The Central Bank of Nigeria's 2025 Statistical Bulletin just delivered the numbers traditional banks were dreading: 476 bank branches and cash centres shut between 2022 and 2025, an 8.8 percent decline that shrank Nigeria's physical banking footprint from 5,410 locations to 4,934. The data, sourced jointly from the CBN and Nigeria Deposit Insurance Corporation, reveals the carnage was back-loaded — 92 percent of all closures happened in just the final two years,...