Market News
Options for banks as recapitalisation pressure mounts - DAILY TRUST
Recapitalisation fever has hit many deposit money banks (DMBs) as the Central Bank of Nigeria (CBN) deadline draws nearer, triggering a rash of actions, Daily Trust can report.
Also, it was learnt that many DMBs especially the tier two banks are considering several options including but not limited to merger.
CBN Governor, Olayemi Cardoso during the Monetary Policy Committee (MPC) meeting last week confirmed that eight banks have met recapitalisation.
He noted that other banks have taken steps toward complying with the deadline, adding that one bank has listed its shares on the London Stock Exchange (LSE).
