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Nairaland Forum / Nairaland / General / Business / Naira Devaluation: Nigerian Banks Heading For ‘recapitalisation’ (27696 Views)
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Re: Naira Devaluation: Nigerian Banks Heading For ‘recapitalisation’ by Coronavirus1: 10:49am On Jun 26, 2023 |
lavylilly:To which country? Nigeria remain the best place to survive despite the bad government. 2 Likes |
Re: Naira Devaluation: Nigerian Banks Heading For ‘recapitalisation’ by Nobody: 10:49am On Jun 26, 2023 |
mcmurphy132: In 2004, before you owe a license to operate a bank, you must have 25billion naira ($250m as at then ) Worth of asset Now, that 25b naira with the current dollar rate is worth less than $33m as at now. Meaning that your money in the bank is at risk, so there's need for those Banks to raise their assets to about 100b naira so as to protect their customers. The only solution is Merging of Banks 7 Likes 2 Shares |
Re: Naira Devaluation: Nigerian Banks Heading For ‘recapitalisation’ by go4value(m): 10:50am On Jun 26, 2023 |
BAT is here.. Without exports, productions Recapitalisation would be inevitable.. |
Re: Naira Devaluation: Nigerian Banks Heading For ‘recapitalisation’ by VeeVeeMyLuv(m): 10:51am On Jun 26, 2023 |
Godstiger:That's what is called multiplier effects |
Re: Naira Devaluation: Nigerian Banks Heading For ‘recapitalisation’ by Kaybaba5(m): 10:51am On Jun 26, 2023 |
We are used to it We shall survive it all 1 Like 1 Share |
Re: Naira Devaluation: Nigerian Banks Heading For ‘recapitalisation’ by Basicend: 10:51am On Jun 26, 2023 |
This Tinubu govt ehh. . ! Hmm. |
Re: Naira Devaluation: Nigerian Banks Heading For ‘recapitalisation’ by Jboynokiaphone(m): 10:52am On Jun 26, 2023 |
mcmurphy132: The recent devaluation of the Nigerian naira against the US dollar has raised concerns about the need to increase the capital base of Nigerian commercial banks. Analysts argue that the 2004 banking industry recapitalization, which raised banks' capital from N2 billion to N25 billion, has weakened due to the devaluation. The current exchange rate has significantly reduced the capital base of banks when converted to dollars. The Capital Adequacy Ratio (CAR) of the banking system stood at 12.8% as of April 2023, indicating a relatively stable banking system. However, experts suggest that recapitalization may be necessary to strengthen the banking industry and financial institutions due to the significant depreciation of the naira. They predict potential recapitalization amounts, such as N100 billion, which could lead to mergers and acquisitions and possibly job losses in Tier 2 and 3 banks. Some banks have already been engaged in capital-raising exercises through bonds and rights issues. However, there are differing opinions on whether regulatory-induced recapitalization should be implemented, with some advocating for market-driven recapitalization through mergers, acquisitions, or stock market participation. The incoming Central Bank of Nigeria (CBN) governor is expected to play a significant role in determining the approach to recapitalization. Overall, the sector's stability and ability to support economic growth will be crucial factors in the decision-making process. 2 Likes |
Re: Naira Devaluation: Nigerian Banks Heading For ‘recapitalisation’ by Manna4Gurls: 10:53am On Jun 26, 2023 |
Download and enjoy ✌️ Kolaboy #odia 1 Like 1 Share
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Re: Naira Devaluation: Nigerian Banks Heading For ‘recapitalisation’ by tonytony208(m): 10:53am On Jun 26, 2023 |
Shebi they said the devaluation is fake news? One of Tinubu's dogs said the news is fake because NTA didn't report it. ![]() |
Re: Naira Devaluation: Nigerian Banks Heading For ‘recapitalisation’ by Nobody: 10:53am On Jun 26, 2023 |
b0rn2fuck: |
Re: Naira Devaluation: Nigerian Banks Heading For ‘recapitalisation’ by Basicend: 10:53am On Jun 26, 2023 |
viodemus: Exactly my brother. 1 Like 1 Share |
Re: Naira Devaluation: Nigerian Banks Heading For ‘recapitalisation’ by matm: 10:54am On Jun 26, 2023 |
What then will citizens be gaining from govt with the removal of subsidies everywhere? Is electricity subsidy for instance not part of democracy dividends for the electorates? 1 Like |
Re: Naira Devaluation: Nigerian Banks Heading For ‘recapitalisation’ by Elvis2kay: 10:54am On Jun 26, 2023 |
Wetin concern us with dollars 2 Likes |
Re: Naira Devaluation: Nigerian Banks Heading For ‘recapitalisation’ by Nobody: 10:54am On Jun 26, 2023 |
tonytony208: You call a human being made "in the image and likeness of God" dog because of politics. It shows the kind of Humanity in you. 2 Likes |
Re: Naira Devaluation: Nigerian Banks Heading For ‘recapitalisation’ by LeopardX: 10:56am On Jun 26, 2023 |
tobenuel:Not an analyst, but i think they're saying the minimum networth of Deposit Money Banks should be reviewed upwards. It is currently #25bn (since 2004). Top analysts are predicting an increase to #100bn. Some Tier 2 and 3 banks may have to merge with bigger banks to survive. Jobs will be lost in the process This recapitalization is needed to ensure that banks have the capacity to survive in these modern economy. And so on and so forth. 1 Like |
Re: Naira Devaluation: Nigerian Banks Heading For ‘recapitalisation’ by lavylilly: 10:57am On Jun 26, 2023 |
Coronavirus1:Give reasons why I s the best place. |
Re: Naira Devaluation: Nigerian Banks Heading For ‘recapitalisation’ by Nobody: 10:59am On Jun 26, 2023 |
Fighter2029: ✔ ✔ ✔ |
Re: Naira Devaluation: Nigerian Banks Heading For ‘recapitalisation’ by patrickcollins: 11:00am On Jun 26, 2023 |
b0rn2fuck:Is not about Tibubu is about the hardship, is no longer easy is getting messier here, if is easy for u kudos |
Re: Naira Devaluation: Nigerian Banks Heading For ‘recapitalisation’ by tonytony208(m): 11:01am On Jun 26, 2023 |
Okealaaye: If you choose to defend a lie intentionally to the detriment of over 200 million People, you are worse than a dog 1 Like |
Re: Naira Devaluation: Nigerian Banks Heading For ‘recapitalisation’ by ybady4real: 11:02am On Jun 26, 2023 |
Fighter2029: We will no still vote obi ![]() ![]() |
Re: Naira Devaluation: Nigerian Banks Heading For ‘recapitalisation’ by sharone21(f): 11:02am On Jun 26, 2023 |
There was a time Ghana wanted to recapitalize for FAR LESS and guess who showed up as investors? NIGERIANS. Out of fear that Nigerians shouldn't come to dominate their banking sector, only very few with Ghanaians as major partners were placed under consideration. We are good in banking, financial apps and export them to London and African countries etc.... Many of the countries around us, don't even have such capital base and many have these small, cooperative banks but because of integrity, transparency etc investors and client's confidence in the banking sector is assured. Someone will complain of missing funds in his account and you will see so much bottlenecks even when the thief is known and can be traced by his bank. His bank will still need Police and court papers b4 they release your money right under their nose.... How can diaspora Nigerians fully trust our system with this lack of will power to attack this evil and reduce cybercrime? Anyway, so many banks now in Nigeria: Commercial, Microfinance, Mobile money and each will have it's acceptable capital base..... But this shouldn't be a hurried decision. |
Re: Naira Devaluation: Nigerian Banks Heading For ‘recapitalisation’ by Nobody: 11:02am On Jun 26, 2023 |
gentposh: Devaluing a currency , moves your country forward? Did you ask Venezuela, Laos , Cambodia if it moved their country forward? What did you score in Economics? Why didn't China accept to devalue the Yuan? And why is Vietnam, even with a devalued currency battling to remain relevant despite all odds? Do not make me start asking some questions I am not supposed to ask. Very ridiculous! -50 3 Likes 1 Share |
Re: Naira Devaluation: Nigerian Banks Heading For ‘recapitalisation’ by jaxxy(m): 11:03am On Jun 26, 2023 |
More Loans lol |
Re: Naira Devaluation: Nigerian Banks Heading For ‘recapitalisation’ by Biola67: 11:04am On Jun 26, 2023 |
Coronavirus1:Just dey deceive yourself |
Re: Naira Devaluation: Nigerian Banks Heading For ‘recapitalisation’ by jubrilELsudan: 11:04am On Jun 26, 2023 |
TINUBU KILL US OOOOOO......WE ARE YOUR MOSQUITO 1 Share
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Re: Naira Devaluation: Nigerian Banks Heading For ‘recapitalisation’ by mcmurphy132(m): 11:05am On Jun 26, 2023 |
CondenseMilk: Thanks. |
Re: Naira Devaluation: Nigerian Banks Heading For ‘recapitalisation’ by mcmurphy132(m): 11:06am On Jun 26, 2023 |
Jboynokiaphone: Thanks |
Re: Naira Devaluation: Nigerian Banks Heading For ‘recapitalisation’ by figment232(m): 11:07am On Jun 26, 2023 |
b0rn2fuck:Thank u for starting the obvious ...the BOLDED |
Re: Naira Devaluation: Nigerian Banks Heading For ‘recapitalisation’ by ajimo54(m): 11:07am On Jun 26, 2023 |
Islie: Naira is not devaluated. Naira is floated to compete with FX at the market! If you want to make Naira strong pls do not import anything. Patronize made in Nigeria. Desist from doing nonsense on the social media and think about what you can do to start a company. All your quests for dollars, Euro, Pounds to settle school fees in the UK, US and Europe contribute to the fall of Naira. How can the Federal Government continue to defend the Naira by pegging it for you to be favoured so u can import products that will kill the economy? Pls, export more and import less! Once the Federal Government fixes insecurity, our farmers will produce more and there will be raw materials to feed the industries and to export. Youth, wake up! You can generate light and be selling to ur communities! You can do legit businesses that can fetch you money! This is the time! 3 Likes |
Re: Naira Devaluation: Nigerian Banks Heading For ‘recapitalisation’ by Lorddominic(m): 11:08am On Jun 26, 2023 |
The summary of the epistle above is dat Nigerian economy is fuckingly doomed |
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