Chapel Hill Denham, an investment banking and research firm, has released a report indicating that the regulatory framework established by the Central Bank of Nigeria (CBN) is favoring foreign banks and fintech companies over domestic lenders. The report highlights that local banks are compelled to over-capitalize their operations in various African markets due to the current banking structure, which creates a competitive imbalance. This situation may hinder the growth and operational efficiency of Nigerian lenders as they navigate the challenges posed by these regulations.
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