Nigeria banks: Likely winners and losers from the central bank's new capital rules

April 8, 2024-- Excluding retained earnings from the new capital threshold puts Nigerian bank shareholders at the sharp end.

New capital requirements for Nigerian banks are likely to trigger a process of industry consolidation, experts say.
Commercial banks in Nigeria with international authorisation will need capital of N500bn ($380m), or 10 times the current requirement, according to new rules issued by the central bank at the end of March. Domestically authorized banks will need N200bn, an eightfold increase.

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JSE plunges to lowest level in four months

January 14, 2025-- Industrial stocks recorded the biggest losses.
It was a sea of red on the JSE on Monday, with the bourse closing 1.7% down, at 82 046 points- its lowest level since mid-September.

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