Nigerian banking industry in credit crisis - 9JAOlofofo | Nigeia #1 gossip site.


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Tuesday, 11 October 2016

Nigerian banking industry in credit crisis

According to the Bloomberg report Monday, two banks are close to being insolvent, while lenders anthor two “will need a dilutive capital hike,” Jaap Meijer and Tarek Sleiman, analysts at the Dubai-based investment bank and brokerage, said in an e-mailed note on Monday.
Capital ratios are set to worsen because of currency depreciation and souring loans, they said
The Central Bank of Nigeria, CBN in July replaced the management of Skye Bank after the lender breached liquidity thresholds, spurring concerns about the health of small- and medium-sized lenders, and reviving memories of bank rescues by the government after the financial crisis in 2009.

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