Nigeria’s largest banking groups may be forced back to the capital market following fresh regulatory proposals by the Central Bank of Nigeria aimed at tightening the structure of financial holding companies.
The apex bank, on June 11, 2026, released two exposure drafts that could significantly alter the way major financial groups operate in the country.
The documents are the Revised Guidelines for Financial Holding Companies and the Guidelines on Ring-Fencing of Closely Linked Entities.
Both drafts were signed by Dr. Rita I. Sike, Director of Financial Policy and Regulation at the CBN.
The proposed rules seek to separate commercial banks more clearly from other entities within the same financial group, in order to protect depositors and reduce the risk of contagion from non-bank subsidiaries, offshore businesses and related companies.
But the reforms may come at a heavy cost for existing holding companies. Analysts at Zrosk Investment Management estimate that tier-1
This post was originally published on this site.
