What happens to the likes of opay?

Zxcvbnmghtr:
May this have a very, very, very and lasting prosperous effect on our economy. May it benefit me and my family and all wishers of success.

amen meanwhile check my signature

RecentHistory:


You should actually keep quiet if you have nothing sensible to contribute.

Seriously.

There should not be an arbitrary number for bank's capital base. It should be ratio driven based on so many factors. For a good bank with prudent lending practices whose charge offs or bad loans are minimum, should not have to keep so much in its capital base. Whereas, banks who are aggressive and reckless may need more capital cushion before the Feds comes in to rescue. Capital base is shareholder equity in the company and is supposed to be a cumulated reserve in case there is a run on deposit due to the bank's insolvency.

Lexusgs430:


Rather than this, they should just merge....... You think if they release shares, Nigerian's would foolishly jump in again........😁

This is just one wey of raising funds

Zxcvbnmghtr:


Life and it's numerous perspectives. Where some see success others see failure. Your choice.

So 25 banks needs 3 trillion to meet requirements and you personally sees success in it?


Good luck!

Dem go start to dey shave customers heads now

Calitoscassius:
So 25 banks needs 3 trillion to meet requirements and you personally sees success in it?


Good luck!

Yes I sincerely do. Good luck to you too.

Toni Elumelu game to acquire some banks and reduce competitors in the industry at play as per PBAT padi . With this we might be left with just 5 banks

How does this affect piggyvest?

GT Bank has really dropped the ball since that female MD took over.

They reduced in quality gradually after Tayo Aderinoku died, then after Segun left as MD, they have become very ordinary.

Zenith is so useless. They can charge your account to eternity with useless debit narrations. I will close that account.

As far as I am concerned, Providus is the only useful Nigerian Bank to me currently. Since am not looking for credit financing.

Sunnycliff:


Like the 90bn Hajj money benefitted u and ur family while pending 5bn student loan

The hajj news is fake

adioolayi:


This is just one wey of raising funds

Yes, raising funds for the government..... So the banks should also do what is best for their organisations.......

Honestey:
Let's all the commercial banks merged together and become one

That's a dangerous ask.

AsabaPropertyAg:
After this Recapitalization Nigeria will remains with only 5 banks. The cbn governor is too harsh on Nigerian banks, from #25 Billion to #500 Billon, 200 Billion, 100 Billion.

It's necessary my brother. This will bring back all their holdings that is out of the market. They are the biggest culprit in this financial mess, they have to get stressed to strengthen it.

Zxcvbnmghtr:
May this have a very, very, very lasting prosperous effect on our economy. May it benefit me, my family and all wishers of success.

it's called quick fix remedies.

This will increase investors confidence in our banks.

AsabaPropertyAg:
After this Recapitalization Nigeria will remains with only 5 banks. The cbn governor is too harsh on Nigerian banks, from #25 Billion to #500 Billon, 200 Billion, 100 Billion.

Most banks would become microfinance eventually...

Zxcvbnmghtr:
May this have a very, very, very lasting prosperous effect on our economy. May it benefit me, my family and all wishers of success.

Amen Amen Amen in Jesus name

The conditions given to the banks for this recapitalization are very stringent. For example, retained earnings and statutory reserves cannot be included as parts of capital. It is un-accounting to disallow retained earnings and statutory reserves as parts of shareholders fund.

Nawaooo

Let's us see how it will go.

Doing too much too soon. Can't wait for the 7 years to be over. Hopefully everything done will be undone

Zxcvbnmghtr:


Yes I sincerely do. Good luck to you too.

Thank you!

Ok
It is for the best

waveman2:
This will increase investors confidence in our banks.

Yes

safariman:
There should not be an arbitrary number for bank's capital base. It should be ratio driven based on so many factors. For a good bank with prudent lending practices whose charge offs or bad loans are minimum, should not have to keep so much in its capital base. Whereas, banks who are aggressive and reckless may need more capital cushion before the Feds comes in to rescue. Capital base is shareholder equity in the company and is supposed to be a cumulated reserve in case there is a run on deposit due to the bank's insolvency.

That is why the cbn wants these banks to raise there capital
Just to be on the safe side

bluecircle470:


Nigerians are always complaining…. It’s for your own good

Don't waste your time on that little kid. He wasn't even born in the days of Savannah, All State Bank, etc. Where people's deposit disappeared overnight, people's sweat/blood, pension, etc.

AsabaPropertyAg:
After this Recapitalization Nigeria will remains with only 5 banks. The cbn governor is too harsh on Nigerian banks, from #25 Billion to #500 Billon, 200 Billion, 100 Billion.

listen to yourself. Cbn is too harsh?
Have you paid Mastercard dues or levy before? How much is that in 12 months?

Una just they talk.

CBN in the first time is actually making good policies.

Next is to assess everyone at CBN for competence and sack the incompetent ones.

This is a typical Nigeria scenario::::

The politicians and crook financial officer in government and private sector used biro to spoil, soiled and pillage the economy by adding zeros to inflated contract and other means such as money laundering as well as opaque financial transactions like round tripping etc etc

The sequale of misappropriation of public funds and wastages of scarce resources has finally brought down the economy to his knees. Particularly the Banking community that serve as conduits pipe for this malfeasance. Now the chicken has come home for roasting .

There is no pity for the banking community cos they were hand in gloves to annihilate our thriving economy, they were thinking they are the smartest by doing cover up for corrupt politicians.

They better look for the money the CBN is asking for if they so wish to keep their status as market leader. Finally, if and when this recapitalization exercise goes through, I do hope the banking community will follow the law by reporting dubious money movement to NFIU for the sole purpose of financial sanitization.

RecentHistory:


You should actually keep quiet if you have nothing sensible to contribute.

He/she is obviously a primary school dropout. You can tell from their comments on issues they have zero knowledge about. They prefer learning the hard way, imagine the 2k he/she has in the bank can't be withdrawn because the bank has liquidity problems.
He/she wasn't born in the days of Savannah Bank

Zxcvbnmghtr:
May this have a very, very, very lasting prosperous effect on our economy. May it benefit me, my family and all wishers of success.

People like you will live long to witness Nigeria move from where it is now to a booming economy.... God bless you for the positive words

Elobolo:


People like you will live long to witness Nigeria move from where it is now to a booming economy.... God bless you for the positive words

And you too.

I'm seeing massive layoffs and mergers soon.
Many bank owners will try to increase shares and bank marketers to source for big investors to capitalize but may fail because the money will too much.