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Central bank
OVERVIEW OF THE NEW CENTRAL BANK OF NIGERIA’S POLICY FOR BANKS’ CAPITAL BASE
On March 28, 2024, the Central Bank of Nigeria released a Review of Minimum Capital Requirements for Commercial, Merchant, and Non-Interest Banks in Nigeria. The Banking Sector Recapitalization Programme 2024 mandated by the Central Bank of Nigeria (CBN), mandates Banks to boost their minimum paid-in common equity capital to a designated threshold based on their...
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