CBN Approves International Banking License for Fidelity and FCMB

“Nigeria’s Central Bank (CBN) Announces Expansion: Fidelity Bank and FCMB Granted International Operating Approval”

The Central Bank of Nigeria (CBN) has revealed updates regarding the number of deposit money banks in the country, including Fidelity Bank and FCMB obtaining approval to operate internationally. The announcement, titled “List of Deposit Money Banks and Other Financial Institutions as of April 26, 2024,” was made on the apex bank’s website. According to the latest list, there are now seven commercial banks with international authorization, 15 lenders with national authorization, four commercial banking licenses with regional authorization, and four non-interest banking licenses with national authorization.