lavylilly:
If you have money leave Nigeria

mcmurphy132:
Who get Time to dey read this long episode.

Abeg anybody to brief am for me

Godstiger:
The long thing we have been in for ages seems to have no end

mcmurphy132:
Who get Time to dey read this long episode.

Abeg anybody to brief am for me

b0rn2fuck:
Hunger in the Land , it should lead to success, I know some Anti-Tinubu will want to make the job difficult but Tinubu shall succeed, that's is why he is called JAGABAN.

viodemus:
when the foundation is very weak, the building on top of it, will be temporary.

tonytony208:
Shebi they said the devaluation is fake news?

One of Tinubu's dogs said the news is fake because NTA didn't report it.

tobenuel:
Abeg an analyst should summarize it for us

Coronavirus1:

To which country? Nigeria remain the best place to survive despite the bad government.

Fighter2029:
Buhari chastised Nigerians with whip, Tinubu Will chastise them with a scorpion,at the end,all the senseless tribalism will end and people will gain sense.

b0rn2fuck:
Hunger in the Land , it should lead to success, I know some Anti-Tinubu will want to make the job difficult but Tinubu shall succeed, that's is why he is called JAGABAN.

Okealaaye:


You call a human being made "in the image and likeness of God" dog because of politics. It shows the kind of Humanity in you.

Fighter2029:
Buhari chastised Nigerians with whip, Tinubu Will chastise them with a scorpion,at the end,all the senseless tribalism will end and people will gain sense .

gentposh:
Anything to move our naija forward

Coronavirus1:

To which country? Nigeria remain the best place to survive despite the bad government.

CondenseMilk:


In 2004, before you owe a license to operate a bank, you must have 25billion naira ($250m as at then ) Worth of asset


Now, that 25b naira with the current dollar rate is worth less than $33m as at now.


Meaning that your money in the bank is at risk, so there's need for those Banks to raise their assets to about 100b naira so as to protect their customers.





The only solution is Merging of Banks

Jboynokiaphone:


The recent devaluation of the Nigerian naira against the US dollar has raised concerns about the need to increase the capital base of Nigerian commercial banks. Analysts argue that the 2004 banking industry recapitalization, which raised banks' capital from N2 billion to N25 billion, has weakened due to the devaluation. The current exchange rate has significantly reduced the capital base of banks when converted to dollars. The Capital Adequacy Ratio (CAR) of the banking system stood at 12.8% as of April 2023, indicating a relatively stable banking system. However, experts suggest that recapitalization may be necessary to strengthen the banking industry and financial institutions due to the significant depreciation of the naira. They predict potential recapitalization amounts, such as N100 billion, which could lead to mergers and acquisitions and possibly job losses in Tier 2 and 3 banks. Some banks have already been engaged in capital-raising exercises through bonds and rights issues. However, there are differing opinions on whether regulatory-induced recapitalization should be implemented, with some advocating for market-driven recapitalization through mergers, acquisitions, or stock market participation. The incoming Central Bank of Nigeria (CBN) governor is expected to play a significant role in determining the approach to recapitalization. Overall, the sector's stability and ability to support economic growth will be crucial factors in the decision-making process.

b0rn2fuck:
Hunger in the Land , it should lead to success, I know some Anti-Tinubu will want to make the job difficult but Tinubu shall succeed, that's is why he is called JAGABAN.

Islie:


https://dailytrust.com/naira-devaluation-nigerian-banks-heading-for-recapitalisation/