Nigeria’s banking sector is increasingly divided between lenders with strong enough balance sheets to reward shareholders and those struggling with heavy provisioning requirements following the Central Bank of Nigeria’s stress-testing exercise, according to Bismarck Rewane, managing director and chief executive officer of Financial Derivatives Company (FDC).
Speaking at the Lagos Business School Breakfast session, Rewane said the regulatory exercise has effectively created two categories of banks, with some institutions emerging stronger while others face restrictions on dividend payments.
“The banking sector has seen moderate corrections since the start of the stress test,” Rewane said.
According to the presentation, banks that successfully cleared the exercise and paid dividends for the 2025 financial year include GTCO, Zenith Bank, Stanbic IBTC and Wema Bank.
GTCO declared a dividend of N11.76 per share, while Zenith Bank paid N8.75 per share. Stanbic IBTC paid N4.00 per share and Wema Bank declared N1.25 per share.
However,
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