• Banks get N500 billion minimum capital demand
• CBN imposes new minimum capital
• CBN Sets New Minimum Capital Requirements for Banks

CBN Sets New Minimum Capital Requirements for Banks

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  admin / 1 year
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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, […]