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Vol 65 No 9

Published 25th April 2024


Cardoso plans a brave new banking world

Tough new capital requirements by the central bank will mean fewer but busier commercial banks

An improbable revolutionary, central bank governor, Olayemi Michael Cardoso, could preside over the biggest shake-up of Nigeria's financial sector for decades. His announcement last month of tough new minimum capital requirements on the country's banks will force a spate of mergers and acquisitions across the board.

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