Consolidation likely among Nigerian lenders – analyst
Small lenders unlikely to meet CBN’s recapitalisation demands, says investment bank’s research head
Observers are expecting further consolidation in Nigeria’s banking sector, as lenders struggle to raise enough capital to meet the central bank’s recapitalisation order.
The Central Bank of Nigeria (CBN) last year imposed minimum capital requirements on commercial lenders to strengthen their balance sheets. It gave the banks until March 2026 to comply with the new thresholds.
In a briefing yesterday (July 22), governor Olayemi Cardoso said that so far only eight of the country’s 26 banks had met
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