One of Nigeria's tier-1 banks, First Bank Plc, is considering merger and acquisition plans with two commercial banks in the country.

The banks are Heritage Bank and Polaris Bank, formerly Skye Bank.

The scheme, according to banking sources, is part of the recapitalisation process that is projected to happen in Nigeria's banking space this year.

What is Bank recapitalisation?

According to financial express, bank recapitalisation is the inflow of additional capital into a financial institution to improve the balance sheet.

In Nigeria, banks are expected to raise their capital base above the N25 billion minimum introduced by CBN in.... Read full article https://djkotech.com.ng/2020/03/15/first-bank-polaris-bank-and-heritage-bank-considering-merger/

In other words.. First bank plan on acquiring Polaris and heritage bank . The same story they told us about access and diamond.. Awon merger