There is a notable structural shift in the Nigerian banking sector as the industry is characterized as highly capitalized but has to navigate a dynamic macroeconomic and regulatory climate, particularly after the Central Bank of Nigeria (CBN) has carried out a vigorous 24-month recapitalization exercise that spanned requirements of N500 billion for international licenses and N200 billion for national licenses.
The post Nigeria’s banks get major makeover under CBN appeared first on Nairametrics.
