Fitch warns of potential mergers, licence downgrades for Union Bank, others

Fitch Ratings has issued a cautionary report highlighting the increased risk of mergers, acquisitions (M&A), or licence downgrades for Nigeria’s third-tier banks as they struggle to meet the Central Bank of Nigeria’s (CBN) new capital requirements. While first- and second-tier banks have made notable progress in raising fresh capital, smaller banks lag significantly, [...]The post Fitch warns of potential mergers, licence downgrades for Union Bank, others appeared first on National Daily Newspaper.

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