Did you know that the first indigenous bank in Nigeria, Industrial and Commercial Bank only survived for fifteen months before it went into liquidation? ICB was established in 1929, at a period when financial inclusion wasn’t extended to Nigerians and Nigerian business owners lacked equal access to credit as the colonial rulers.

But thanks to mismanagement, accounting incompetence, and embezzlement, ICB went into liquidation one year and four months after it began operation. Its exit from the financial market at the time opened the door for another Nigerian-owned bank in 1931, Mercantile Bank.

Mercantile Bank replaced ICB, serving as an offshoot of the latter, as most of its directors were reportedly from ICB. And just like ICB, Mercantile Bank went into liquidation, though voluntarily. However, it... https://nairametrics.com/2019/10/01/evolution-of-nigerian-banks-in-59-years/

Wat does it matter? Wat matters now is how the banks are shaping Nigeria as a whole infusing technology and banking. Even Unionbank that seemed like it will die soon with many investors looking to hear of a sale have been hugely disappointed because they seem not to want to be last. Their products are now giving hope to the market men&women who have no pension and a prayer answered to the young ones who want to marry but don't know we're to start.

Congratulations to them on this independence day..I went to Alaba market and I was impressed by their customer service. The lady was so patient with a friendly smile. Going back to open that their Union max
.
The branch is small though and why are people selling in front of the branch? I noticed it in other banks too at that Alaba market..