Africa Banking Network

An Africa Business Community

What do you think about the CBN's latest announcement?

The Central Bank of Nigeria (CBN) may be considering the establishment of regional or specialized banks in the aftermath of the cleansing of the banking sector.

Lamido Sanusi, the CBN governor, gave this indication in an interview granted. The Africa Report in Istanbul, Turkey. He said though there may be the possibility of more banks in the country, the scenario has
been that very big banks as currently exist, tend not to serve small businesses.

"We have to look at the possibility of having smaller banks, which will look at either the regions or manufacturing or agriculture, and see whether with lower capitalisation we cannot have smaller institutions," he said.

According to him, banks with N25 billion capitalisation will reduce, saying, "In terms of the large deposit-taking banks, I suspect that we are going to have somewhat less than the 24
we currently have. It depends on what happens at the end of the process."

Please read and comment: /story.csp

Views: 9


You need to be a member of Africa Banking Network to add comments!

Join Africa Banking Network

Africa Business Panel | B2B Market Research

As a valued LinkedIn group member, we invite you to join a prestigious online community.

The Africa Business Panel is open exclusively to business men and women engaged in business on the African continent.


As a participant in the African Business Panel, you will benefit in several ways and at the same time, you will have no obligations whatsoever. You will decide if and when you want to participate. However, the more you participate in surveys, the better your chances of benefiting from your membership.

Click here to join now



© 2022   Created by Bas Vlugt.   Powered by

Badges  |  Report an Issue  |  Terms of Service