- Major Nigerian banks have started making moves to align with the recapitalisation push by the Central Bank of Nigeria
- Some of the banks have taken to the capital market to pursue fundraising drives through rights issues and public offer
- The CBN had a few months ago announced various capital bases different tiers of banks need to meet to maintain their banking licenses
Legit.ng journalist Victor Enengedi has over a decade’s experience covering Energy, MSMEs, Technology and the stock market.
Leading banks are set to generate N1.26 trillion in the capital market to comply with the recapitalisation requirements established by the Central Bank of Nigeria (CBN).
It would be recalled that in March 2024, the minimum capital base required by banks operating in Nigeria was reviewed upwards by the CBN.