Nigeria, June 19 -- FCMB Group will explore a debt-to-equity swap among the mix of options at its disposal to satisfy an order from the Central Bank of Nigeria (CBN) demanding that lenders that enjoyed regulatory relief during the COVID-19 crisis regularise the problem loans in their books

The financial services organisation also expects to bring credit facilities above the allowable threshold for a single borrower under limit soon to avert the regulator's rebuke, it stated in a statement on Tuesday.

According to the document, First City Monument Bank, the group's commercial banking arm, has a customer in this category with a performing loan even though the exposure is above the statutory level.

"This obligor will be brought within SOL...