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RENCAP: Risks to unfavourable valuation of Nigerian banks eased

A report by Renaissance Capital says that risks facing Nigerian banks such as high-interest-rate, issuance of additional shares, windfall taxes among others which led to the unfavourable valuation have eased, stressing that banks now have stronger capital buffers to absorb losses from their forbearance exposures. The report states that the expected capital raise of two billion dollars would sufficiently absorb 50 per cent of potential losses arising from forbearance exposures in the Nigerian banking system. Olumide Sole, the Head of Financial Institutions Research at Renaissance Capital Africa, joins CNBC Africa to unpack this report.
Thu, 06 Mar 2025 14:15:40 GMT
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