Bank mergers are imminent as the Central Bank of Nigeria, CBN, has raised minimum capital requirements for banks. CBN disclosed this in a circular signed by the Financial Policy and Regulation Department Director, Haruna Mustafa, and issued to all commercial, merchant and non-interest banks. The banker’s bank pegged the minimum capital base for commercial banks with international authorisation at N500 billion from N50 billion in 2005. Also, CBN benchmarked the minimum capital requirement for banks with National Spread (N200 billion), Regional (N50 billion), Merchant Banks( N50 billion), Nation…