Three tier-two banks plan to raise as much as N500 billion in local and foreign currency to meet new capital rules set by the Central Bank of Nigeria (CBN).
First City Monument Bank (FCMB) Group, Stanbic IBTC and Wema Bank are among the banks to have disclosed plans to raise additional cash to
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Chinwe Michael
Chinwe Michael is a financial inclusion advocate and economy journalist who uses compelling storytelling to drive awareness. With a background in Banking and Finance and experience across accounting, media, and education, she applies sharp analysis and attention to detail to every piece. She simplifies complex financial and economy concepts into engaging content for Africa and global audience. Chinwe also doubles as a speaker with global recognition for her expertise.
