Recapitalisation may push tier-3 banks into mergers – Fitch

Fitch Ratings has warned that Nigeria’s tier-3 banks may have to pursue mergers, acquisitions, or licence downgrades to meet the Central Bank of Nigeria’s new capital requirements. In its report released on Wednesday, the agency noted that while first-tier and tier-2 banks have made significant progress in raising fresh capital, tier-3 banks have lagged, making […]