Barclays Banks wants to start operating in Nigeria

Back in the day, there was Barclays bank in Nigeria, in the colonial era, after they bought Union Bank. The bank now wants to find its way back to Africa's most populous country based on the current reports.

Barclays Africa [JSE:BGA] has applied for a licence to operate in Nigeria and is "keen" to take over operations in Egypt and Zimbabwe that still belong to its parent company, its chief executive said yesterday.

"We have just applied for the licence and we'll have to wait to see what the outcome of that application is. So no, we have not yet heard anything," Maria Ramos told reporters.