Nine banks in Nigeria have reported a combined exposure of N3.24 trillion, which has significantly impacted shareholders' dividends. Access Holdings has recorded a profit of N1 trillion; however, it also faced an increase in impairment charges, which rose to N523 billion. This situation has arisen in the context of stricter provisioning regulations implemented by the Central Bank of Nigeria aimed at de-risking industry assets. The financial landscape for these banks is becoming increasingly challenging as they navigate these regulatory changes.
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