Tough new capital requirements by the central bank will mean fewer but busier commercial banks, An improbable revolutionary, central bank governor, Olayemi Michael Cardoso, could preside over the biggest shake-up of Nigeria s financial sector for decades. His announcement last month of tough new minimum capital requirements on the country s banks will force a spate of mergers and acquisitions across the board.
The National President of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Dele Kelvin Oye Esq., has proffered short, medium and long-term strategies to address naira depreciation, inflation surge and ensure economic prosperity for the country and its people.
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