Nigeria: CBN Pegs Minimum Capital Bases for Banks At N500bn, N200bn

March 29, 2024
[Leadership] Days after urging Nigerian banks to expedite action on the recapitalisation of their capital base in order to strengthen the nation's financial system, the Central Bank of Nigeria (CBN), on Thursday, unveiled new minimum capital requirements for banks, pegging the minimum capital base for commercial banks with international authorisation at N500 billion.

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