Fitch Ratings has warned that the Central Bank of Nigeria's proposed Bank Holding Company regulations could force several Nigerian banks to restructure their ownership, transfer foreign subsidiaries, and reorganize business operations. The warning follows the CBN's exposure draft on licensing and regulating Financial Holding Companies, which aims to strengthen governance and separate holding companies from operating subsidiaries. The report, titled 'African Banking Groups' Cross Border Expansion to Continue,' highlights potential significant organizational changes, especially for lenders with extensive operations outside Nigeria.
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