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Banks dey hustle for money, merger fit happen o!

Banks dey hustle for money, merger fit happen o!

My people, e be like say wahala dey for banking sector o! As the Central Bank of Nigeria don set deadline wey dey near like ‘thunder’, plenty banks dey run up and down to meet new capital requirement wey dey hot like pepper soup.

According to CBN oga, Olayemi Cardoso, na only 20 banks don fit meet the new minimum wey dem don set. But 13 banks still dey struggle, they dey hustle like say them wan catch bus before e go move!

Boniface Chizea wey sabi work for financial matters don talk say dis banking wahala fit change the landscape as we sabi am. Him dey surprise say banks don fit gather their funds. Last time wey dem increase capital, na over 10 banks dey join hand to form new ones. But this time, e no go be so?

Chizea talk say if some banks no fit meet the requirement, wetin remain for dem na merger. E warn say as dem dey shine eyes for merger, make e no be say dem go turn the thing to war, abi wetin dem call senior partner matter. Dem fit should dey guard customers’ money well like una life depend on am!

Meanwhile, Tunde Amolegbe wey be CEO for Arthur Steven Asset Management don talk say no be all banks go dey run their mouth about mergers, but e fit dey happen for back. E remind us say last time wey Soludo dey as CBN oga, plenty banks wey no fit meet deadline dey combine like suya and onions!

These banks fit explore other routes too, like private investors wey fit gree pump money into dem, abi make dem downgrade their licenses. No be small options dey on table because CBN don open road for dem!

Amolegbe raise hand say if CBN no extend dat deadline, then na merger we go dey see where banks go dey join hand. But if dem gree carry hand small, wahala fit reduce.

Ayokunle Olubunmi wey dey do financial ratings talk say many banks don already gather their money, dem just dey wait for CBN to check am. No be say dem dey run around again. All these banks wey dey make noise dey on another level completely.

But make we no forget say these banks wey CBN dey monitor closely no dey part of the discussion. Dem get serious wahala wey no fit show face publicly. E be like say di issues wey dey gas here no be only capital matter, na serious relationship matter dey disturb dem inside.

If we talk of capital requirement, e mean say banks wey get international license need N500bn, while national one need N200bn before March 31, 2026. Even regional ones dey need as low as N50bn! No be small tin!

As we dey watch, make we no lose sight of di matter. E fit inspire some serious comedy. Naija banking story na real ‘sharp sharp matter’, my people.

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Source: NNN.ng | Read the Full Story…

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