- Earlier in the year, the CBN gave Nigerian banks across various tiers directives to meet new capital base
- The bank capitalisation plan is seen by analysts as a timely economic growth stimulus for the industry
- Fidelity Bank, Access Holdings, GTCo and other banks have started making moves to increase their capital base
Legit.ng journalist Zainab Iwayemi has 5-year-experience covering the Economy, Technology, and Capital Market.
Since March 29, 2024, when the banking recapitalisation exercise was announced, some banks have raised money by going to the stock market.
