JUST IN: CBN orders Nigerian banks to increase capital base
THE Central Bank of Nigeria (CBN) on THURSDAY announcement A increase In THE capital base For different categories of banks In THE country.
A statement by THE CBN Acting Director of Business Communication, Hakama Ali, said THE capital base of banks with international authorisation had has been increase has N500 billion while that of national banks was increase has N200 billion.
THE CNB note that commercial banks with regional authorisation are expected has reach A N50 billion capital base. In contrast, merchant banks are expected has shore up their capital has N50 billion as THE minimum capital requirement.
READ ALSO: CBN sell dollars has BDC has 1,251 naira/$1THE summit bank directed without interest banks with national And regional permissions has booster their capital has N20 billion And N10 billion, respectively.
THE CNB note that all banks are required has meet THE minimum capital requirement In 24 month, starting Since 1 April And to end on 31 March 2026.
Details later…
Support PRIME TIMES' journalism of integrity And credibility GOOD journalism costs A plot of money. Again only GOOD journalism can ensure THE possibility of A GOOD Company, A liable democracy, And A transparent government. For continued free to access has THE best investigator journalism In THE country We ask You has consider manufacturing A modest support has This noble effort. By contributing has PRIME TIMES, You are portion has sustain A journalism of relevance And ensure he remains free And available has everything. Make a donation [embedded content]TEXT ANNOUNCEMENT: Call Willie - +2348098788999
THE Central Bank of Nigeria (CBN) on THURSDAY announcement A increase In THE capital base For different categories of banks In THE country.
A statement by THE CBN Acting Director of Business Communication, Hakama Ali, said THE capital base of banks with international authorisation had has been increase has N500 billion while that of national banks was increase has N200 billion.
THE CNB note that commercial banks with regional authorisation are expected has reach A N50 billion capital base. In contrast, merchant banks are expected has shore up their capital has N50 billion as THE minimum capital requirement.
READ ALSO: CBN sell dollars has BDC has 1,251 naira/$1THE summit bank directed without interest banks with national And regional permissions has booster their capital has N20 billion And N10 billion, respectively.
THE CNB note that all banks are required has meet THE minimum capital requirement In 24 month, starting Since 1 April And to end on 31 March 2026.
Details later…
Support PRIME TIMES' journalism of integrity And credibility GOOD journalism costs A plot of money. Again only GOOD journalism can ensure THE possibility of A GOOD Company, A liable democracy, And A transparent government. For continued free to access has THE best investigator journalism In THE country We ask You has consider manufacturing A modest support has This noble effort. By contributing has PRIME TIMES, You are portion has sustain A journalism of relevance And ensure he remains free And available has everything. Make a donation [embedded content]TEXT ANNOUNCEMENT: Call Willie - +2348098788999
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