Nigeria’s biggest banking groups may be forced to raise as much as N370 billion in fresh capital under proposed Central Bank of Nigeria (CBN) rules that would reshape the country’s financial holding company structure, a new report disclosed.
The CBN on June 11 released two exposure drafts—the Revised Guidelines for Financial Holding Companies and the Guidelines on Ring-Fencing of Closely Linked Entities, which analysts describe as the most significant overhaul of banking group structures in more than a decade. The documents were signed by Ri
