Nigeria: LCCI – Bank Recapitalisation’ll Improve Access to Credit, Make Lending Conditions Competitive

As the deadline for banks to raise their capital ends in four days’ time, private sector operators, Micro, Small and Medium Enterprises (MSMEs) and others, are hoping that banks’ improved financial standing will result in anticipating a surge in affordable credit and reduced lending rates than what are currently applicable in the country.

With tier-1 banks’ new minimum capital threshold set at N500 billion by the end of this month, analysts expect a surge in capital to unlock billions in loans for…