Abstract: Globalization has created a new wave of economic integration, leading to an increase in cross-border transactions and international trade. The banking industry has been impacted by these changes, with commercial banks needing to adjust their strategies to remain competitive in the global marketplace. This paper explores the imperatives of globalization for the commercial banking system in Nigeria. The study utilizes secondary sources to examine the impact of globalization on the Nigerian banking industry and identifies strategies that Nigerian commercial banks can adopt to remain competitive in the global marketplace. The findings of this study suggest that Nigerian commercial banks must adopt customer-centric strategies, leverage technology, and focus on risk management to remain competitive in the global marketplace..
Key Word: globalization, commercial banking, customer-centric, technology, risk management
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