In today's rapidly evolving financial landscape, the Central Bank of Nigeria’s bank recapitalisation has already yielded tangible wins as many lenders have met the higher capital thresholds, and there’s been a marked surge in credit to the real economy—a testament to stronger balance sheets and renewed risk appetite.
Yet, Nigerian banks find themselves at a pivotal crossroads. The digitisation of the economy has transformed the way financial services are delivered; well-capitalised banks can now fast-track their own technological transformation.
