Nearly two decades after the 2004 recapitalisation that reshaped Nigeria’s banking sector and cut the number of banks from 89 to 25, Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, signalled another round in November 2023. By March 2024, the policy was formalised, with a 24-month complian
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Ruth Okwumbu-Imafidon
Ruth is a seasoned journalist and communications strategist with over a decade of experience telling impactful stories across environment, technology, entrepreneurship, business, and political economy.
At BusinessDay, she leads editorial partnerships and content initiatives that deepen public understanding and spark meaningful conversations on issues shaping Nigeria’s socio-economic landscape.
She holds an MSc in Mass Communication from the University of Nigeria, Nsukka, and a BSc in Mass Communication from Delta State University.
