Jump to navigation

Vol 65 No 9

Published 25th April 2024


Nigeria

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.

End of preview - This article contains approximately 1801 words.

End of preview

Subscribers: Log in now to read the complete article.

Account Holders: Log in now and use your Account Credit to buy this article. No Credit? Top up your Account now.


If you are logged in, but still cannot access the full text of this article, email customer services or telephone us on +44(0)1638 743633.