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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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INTRODUCTION Nigeria is a Country with an estimated population of about 174,000,000 (One Hundred and Seventy Four Million) people, (2013, Nigerian Bureau of Statistics) and operates a presidential system of Government. There are 36 (Thirty-Six) States, 774 (Seven Hundred and Seventy-Four) Local Government and the Federal Capital Territory. The legal system is largely a hold-over...
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DATA PRIVACY AND PROTECTION IN NIGERIA – By Chioma Chijioke and Stephanie Maduabum   INTRODUCTION The significant value of data in today’s world cannot be overemphasized. Most organisations including tech companies such as Google, Facebook and Apple require and use data provided by subscribers to improve their operations. Therefore subscribers are required to grant data...
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