Only seven banks can meet CBN recapitalisation

Ernst and Young report has revealed that only seven Nigerian banks may meet the Central Bank’s proposed capital requirement increase.
The move aims to strengthen banks’ capacity amid economic challenges and drive Nigeria towards a $1 trillion economy.
Analysts warn of potential mergers and acquisitions as banks seek to bolster their capital bases.
The recapitalization plan underscores efforts to enhance financial stability and resilience in Nigeria’s banking sector amidst evolving economic realities.

Leave a Reply

Your email address will not be published. Required fields are marked *