Nigeria's banks are now bigger than ever, thanks to the sweeping recapitalisation drive by the Central Bank of Nigeria (CBN), which has reshaped balance sheets and strengthened buffers across the industry. But while the capital-raising cycle has enabled 32 lenders to raise as much as N4.61 trillion, according to official figures, analysts worry whether larger capital bases will translate into deeper credit flows to the real economy or simply fortify banks against shocks without materially lifting growth. "More capitalised banks mean that the banks are in a position to expand their credit extension process and improve intermediation," Johnson Chukwu, group CEO of Cowry Asset Management, said in an interview. Read also: Nigeria's biggest banks lead Africa in brand value growth rate Chukwu, h