Discover the Evolution of Commercial Banking in Nigeria

They account for the bulk of total institutionalized savings (correct)

They are owned solely by Nigerians

They are not significant in the Nigerian financial system

They were the first banks to be established in Nigeria

They were dominated by foreigners (correct)

They did not exist before the indigenization policy

They were owned equally by Nigerians and foreigners

They were owned solely by Nigerians

To change the ownership structure of commercial banks to reflect greater Nigerian ownership (correct)

To close down all foreign-owned banks in Nigeria

To reduce the number of commercial banks in Nigeria

To increase the dominance of foreigners in the Nigerian financial system