- The CBN recently announced an increase in the capital requirement for banks
- In light of this, big Nigerian banks are planning to raise over N2 trillion in domestic and foreign capital
- Tier 2 banks have also shared their plans to raise the new capital requirements using various strategies
Legit.ng journalist Zainab Iwayemi has over 3-year-experience covering the Economy, Technology, and Capital Market.
Large banks have sprung into action to fulfil the Central Bank of Nigeria’s (CBN) new capital criteria. Four tier-one institutions aim to raise over N2 trillion in domestic and foreign capital.
