Nigeria - 2020 - Trade, Industry and Investment

Banks and Other Financial Institutions Act, 2020

Ministry of Trade, Industry and Investment, Nigeria

This is an Act repealing the Banks and Other Financial Institutions Act, 2004 and enacting the Banks and Other Financial Institutions Act 2020, regulating the activities of banks and other financial institutions as well as other general matters. The Act highlights the functions of the CBN, licensing of banks and other financial institutions and other miscellaneous matters.

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Banks and Other Financial Institutions Act, 2020 Current Version

January 2022

This is an Act repealing the Banks and Other Financial Institutions Act, 2004 and enacting the Banks and Other Financial Institutions Act 2020, regulating the activities of banks and other financial institutions as well as other general matters. The Act highlights the functions of the CBN, licensing of banks and other financial institutions and other miscellaneous matters.

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