Browsing: Recapitalisation

• The Central Bank of Nigeria has decided to increase the minimum capital requirement for lenders to bolster the country’s economy.
• Nigerian banks now face weaker capital ratios and higher impaired loans.
• The last time Nigeria recapitalised its banking sector dates back to 2004.

Minimum capital requirement for lenders

Following the surge in inflation levels, a deteriorating economy, and the plummeting of the Naira, the CBN has decided to increase the minimum capital requirement for lenders to bolster the country’s economy.

Under the new regulations, the Central Bank of Nigeria has raised the capital threshold for international banks to $359 million …