In CBN’s Return to Orthodoxy, FirstHoldco Faces $887m Exposure
GTB, Stanbic clear of forbearance as Zenith, Access Bank, UBA, FCMB face headwinds over Aiteo, Neconde, 9Mobile, Wempco’s loans NGX banking index falls by 4%
Nume Ekeghe and Kayode Tokede
The decisive return to orthodox
monetary policy by the Central Bank of Nigeria (CBN) and its roll out of stringent measures aimed at
strengthening banks’ capital buffers and curbing regulatory forbearance abuses are testing the financial
resilience of financial institutions, like FirstHoldco, Zenith Bank, UBA, FCMB, and Access Bank, among
others. That was as a report released yesterday by Renaissance Capital,
an emerging and frontier market Continued on page 9
Tuesday 17 June, 2025 Vol 30. No 11027. Price: N400
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