If a bank does not meet the new capital requirement set by the Central Bank of Nigeria, it will likely face one of these outcomes:
Merge with another bank
Be acquired by a stronger bank
Downgrade to a regional license
Lose license (last option)
So the recapitalisation will likely lead to fewer but stronger banks. Strong banks like Guaranty Trust Holding Company Plc, Zenith Bank Plc, and Access Holdings Plc are already well positioned, which is why investors are focusing on them.