Nigeria’s big banks tighten grip on African expansion as global lenders retreat

…Recapitalisation, profit pressure, foreign exits reshape continental banking

As global lenders retreat from Africa, some of Nigeria’s biggest banks have begun accelerating their expansion across the continent, using fresh capital raised from a recapitalisation drive to diversify earnings, manage risk and sustain profitability.

With higher capital buffers now in place, banks are reassessing how to deploy new funds at a time when earnings at home are normalising after two years of windfall boom.

For institutions with internat

…Recapitalisation, profit pressure, foreign exits reshape continental banking

As global lenders retreat from Africa, some of Nigeria’s biggest banks have begun accelerating their expansion across the continent, using fresh capital raised from a recapitalisation drive to diversify earnings, manage risk and sustain profitability.

With higher capital buffers now in place, banks are reassessing how to deploy new funds at a time when earnings at home are normalising after two years of windfall boom.

For institutions with internat

Source: Businessday.ng | Read the Full Story…