Bank consolidation world wide seem to generate some attendant challenges to the whole gamut of players in the financial sector industry, for a very long period of time. But the Nigerian case seems to provide a different scenario because the means by which these 25 banks survived the process were majorly through M&A. However the challenge of raising capital to levels that will guarantee banks to keep part of Nigerias exteral reserve may offer us the opportunity to see stiff and rigorous but healthy competition in the near future. Indeed,with that, Nigerian DMBs will have the potentials to finance needed projects and attract foreign resources that can revamp the economy from its current status of "globally marginalized capital importing nation and Africas toothless bull dog"
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