Tier 2 lenders to slash dividend on CBN’s new capital rules

Tier 2 lenders to slash dividend on CBN’s new capital rules

Tier 2 lenders in Africa’s largest economy may cut dividend disbursement to shareholders in order to fend off the effect of the new capital adequacy requirement of the Central Bank of Nigeria (CBN). Lenders, especially the small and the mid-sized one are struggling with rising Non Performing Loans (NPLs), but the new rules are to…

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