Dangerous signals of a looming distress in the banking sector due to the “bubble money” saga may have sent the nation’s economic regulators to the drawing board.

Among the options reportedly being proposed by the Central Bank of Nigeria (CBN) is a fresh round of capitalisation by banks. It was learnt that very soon, the CBN would present the consolidation plan to the Federal Government.


Unlike the 2004 exercise where the CBN concentrated on raising the banks’ capital base to N25 billion, the proposed scheme slated for early next year would encourage merger and acquisition among the operators