pretydiva:

seunmsg:


Who told you Wema bank can’t raise the new N500b capital base?

DeLaRue:


Wema is not international, so it will only need to raise its capital to N200b. That's still a lot for Wema.

Paraman:
The likes of wema and unity bank might become regional banks again.

Kloenboi:


fine girl why are you laughing?

send me your aza ASAP.

Penguin2:
When I said in the other thread that buffoons have taken power in Nigeria, it seemed like I was just hating on Tinubu government but it’s the truth.

Or tell me what this particular policy is meant to achieve.

Explain it to me like I’m in nursery school.


In the end, what they will achieve is that banks come together and merge together so they can get the 500billion naira base capital. That’s how we will end up having about just 5 commercial banks remaining.

So, ultimately they will end up shrinking Nigerians’ choices and leaving us at the mercy of just few banks who will treat us as they like because our options are limited.

If you disagree with this, then tell me the advantages of this policy.

I’ll wait

Paraman:
The likes of wema and unity bank might become regional banks again.

MadamExcellency:
OPAY Digital has a $2 billion to $2.6 billion capital base hence I see no reason why a full-fledged commercial bank should be done with N500 billion.

smasher1:


It would be hard for Wema to get 200b. A merger may be the best option for them.

Penguin2:
When I said in the other thread that buffoons have taken power in Nigeria, it seemed like I was just hating on Tinubu government but it’s the truth.

Or tell me what this particular policy is meant to achieve.

Explain it to me like I’m in nursery school.


In the end, what they will achieve is that banks come together and merge together so they can get the 500billion naira base capital. That’s how we will end up having about just 5 commercial banks remaining.

So, ultimately they will end up shrinking Nigerians’ choices and leaving us at the mercy of just few banks who will treat us as they like because our options are limited.

If you disagree with this, then tell me the advantages of this policy.

I’ll wait

seunmsg:
All our commercial banks will have to source for more capital including investment from foreign partners. This will bring more forex into the country and strengthen the banking system. The positive impact will flow to the capital market and other associated organizations. This is super bullish for the country.

Curious346:
what are regional banks

seunmsg:
All our commercial banks will have to source for more capital including investment from foreign partners. This will bring more forex into the country and strengthen the banking system. The positive impact will flow to the capital market and other associated organizations. This is super bullish for the country.

oliverwrites:
Do you think we are likely to see more IPOs like we saw in 2005-2010?

seunmsg:


Who told you Wema bank can’t raise the new N500b capital base?

Kloenboi:
$380m


Meanwhile how would you classify providus Bank?

DeLaRue:


Wema is not international, so it will only need to raise its capital to N200b. That's still a lot for Wema.

Penguin2:
When I said in the other thread that buffoons have taken power in Nigeria, it seemed like I was just hating on Tinubu government but it’s the truth.

Or tell me what this particular policy is meant to achieve.

Explain it to me like I’m in nursery school.


In the end, what they will achieve is that banks come together and merge together so they can get the 500billion naira base capital. That’s how we will end up having about just 5 commercial banks remaining.

So, ultimately they will end up shrinking Nigerians’ choices and leaving us at the mercy of just few banks who will treat us as they like because our options are limited.

If you disagree with this, then tell me the advantages of this policy.

I’ll wait

Penguin2:
When I said in the other thread that buffoons have taken power in Nigeria, it seemed like I was just hating on Tinubu government but it’s the truth.

Or tell me what this particular policy is meant to achieve.

Explain it to me like I’m in nursery school.



You really reason, like a kindergarten pupil. How would u now understand, if this thing is well explained to u? Okay let me try. There will be massive capital movement. Foreign investors will move in. The liquidity ratio will go up. CBN will be able to control cashflow through different monetary policies.... and finally there will be food on your table

In the end, what they will achieve is that banks come together and merge together so they can get the 500billion naira base capital. That’s how we will end up having about just 5 commercial banks remaining.

So, ultimately they will end up shrinking Nigerians’ choices and leaving us at the mercy of just few banks who will treat us as they like because our options are limited.

If you disagree with this, then tell me the advantages of this policy.

I’ll wait

Eleph:
Some people kept mentioning WEMA Bank as if the whole policy change is directed at the first generation regional bank which hitherto started on 2nd May,1945 under the name Agbonmagbe Bank Ltd, as an indigenous Bank before being taken over by Western Nigeria Marketing Board in 1969 but against all odds, the bank has overcome all difficult and stringent hurdles put before it by the regulatory agency since time immemorial hence, I see no reason why meeting the minimum threshold of the apex bank will now pose a problem for the bank which is not just there to do business but also there as the heritage of the old Western Region as one of its legacies which will never be allowed to go into oblivion without putting up a fight as it as always does. As at 2015, the banks capital base was around 44 Billion Naira which is about 9 years ago and it has since been a bank with a national outlook since 2015.

You can hardly mention the likes of First Bank of Nigeria, UBA or Union Bank without mentioning WEMA even though, Union Bank is no longer what it used to be. But WEMA Bank is nothing but a cat with nine lives going by its antecedents. It's nothing but the Phoenix of the banking industry as it remains the only surviving indigenous bank in Nigeria.

seunmsg:
All our commercial banks will have to source for more capital including investment from foreign partners. This will bring more forex into the country and strengthen the banking system. The positive impact will flow to the capital market and other associated organizations. This is super bullish for the country.

Penguin2:
When I said in the other thread that buffoons have taken power in Nigeria, it seemed like I was just hating on Tinubu government but it’s the truth.

Or tell me what this particular policy is meant to achieve.

Explain it to me like I’m in nursery school.


In the end, what they will achieve is that banks come together and merge together so they can get the 500billion naira base capital. That’s how we will end up having about just 5 commercial banks remaining.

So, ultimately they will end up shrinking Nigerians’ choices and leaving us at the mercy of just few banks who will treat us as they like because our options are limited.

If you disagree with this, then tell me the advantages of this policy.

I’ll wait