Banks Maintain Strong Capital Position as Most’s CAR Steady above Regulatory Minimum

The Nigerian banking sector is showing resilience, with most banks maintaining a robust capital adequacy ratio (CAR) above the regulatory minimum, signaling financial stability. GTCO stands out with an impressive 43.82% adequacy ratio, while First Holdco remains just below the required standard. This strong capital position is crucial for the banks' ability to absorb potential losses and continue lending, which is essential for economic growth. The overall health of the banking industry reflects positively on the broader financial system and investor confidence.