Systemically Weak Banks Put Nigeria’s $1Trillion Ambition at Risk
BY BLAISE UDUNZE Nigeria’s banking sector has just undergone one of its most ambitious recapitalisation exercises in two decades, all thanks to the Central Bank of Nigeria under the leadership of Olayemi Cardoso. About N4.65 trillion ($3.38) has been raised. Balance sheets have been strengthened, at least the improvement could be said to exist in [...]