29
Mar
Mar
CBN Sets New Minimum Capital Requirements for Banks
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admin / 2 years
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- 3 min read
The Central Bank of Nigeria (CBN) has introduced revised minimum capital requirements for banks, setting the minimum capital base for commercial banks with international authorization at ₦500 billion. In a circular addressed to all commercial, merchant, and non-interest banks, as well as promoters of proposed banks, the Director of the Financial Policy and Regulation Department, […]
