| 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. |