Nigeria, May 18 -- Following the completion of the recapitalisation exercise led by the Central Bank of Nigeria (CBN), banks raised a combined N4.65 trillion to meet new regulatory requirements, significantly strengthening the financial sector.

However, shareholders who funded the expansion are now demanding improved dividends, stable earnings, and stronger share price growth.

According to the apex bank, 33 lenders met the new capital thresholds, while Heritage Bank reportedly emerged as the only major casualty after failing to improve its financial condition despite regulatory intervention.

Investors are expected to reap an estimated N27 trillion in returns, up from N21.97 trillion in 2024, but concerns remain over whether banks can ...