After a damaging recession in 2016, Nigeria’s investment banks have bounced back with renewed vigour, as new regulations and technology continue to create fresh opportunities.
The Nigerian banking sector has emerged from its recession with new characteristics. First, let us look at commercial banks specifically: their business models are traditional and require a lot of capital. There is also a split between commercial banks with plenty of capital, those with moderate capital and those with barely enough. If you have a number of commercial banks that are focused on their capital problems, rather than looking to expand their loan books, then the growth outlook for commercial lending is patchy – some banks can grow, while others cannot. On the other hand, demand for credit is quite weak because companies need an even lower cost of debt in order to compete.
Read More – https://www.worldfinance.com/banking/coronation-merchant-bank-contributing-to-nigerias-investment-banking-renaissance