Expect more acquisitions, increase in banking competition in 2019 – Report
Says Banks with lower regulatory CAR may raise fresh capital ’CBN will continue monitoring activities to maintain FX stability’
Motolani Oseni, Lagos Nigeria’s banking industry may not have witnessed the last acquisition or merger this year, as more of such deal may likely happen before the end of 2019, the latest report by analysts at Guaranty Trust Bank Plc (GTBank) has revealed.
This, they believe, will increase competition in the nation’s banking industry in 2019. Although, their projections followed the Access Bank Plc acquisition of Diamond Bank Plc, in a process that is expected to be successfully completed by April this year. Continued on page 3
MONDAY, JANUARY 28, 2019
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L-R: Convener, Re-elect Buhari Movement (RBM), Mr. Emmanuel Umohinyang; National Co-ordinator, Pro-Buhari groups and South-South Co-ordinator, Buhari Presidential Campaign, Senator Godswill Akpabio and RBM National Co-ordinator, Prince Goodluck Obi, when Akpabio paid a solidarity visit to RBM in Lagos.
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