capital requirements
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Nigeria CBN Implements Stricter Regulations: BDC Operators Must Reapply for Licences
The Central Bank of Nigeria (CBN) mandates existing Bureau de Change operators to reapply for operational licenses, setting minimum capital requirements. Tier 1 BDCs need N2 billion, Tier 2 N500 million. Non-refundable fees apply. Effective from June 3, 2024, the guidelines aim to streamline...- Nigeria News
- Article
- 1 min read
- bdc operators bureau de change capital requirements cbn foreign exchange market
- Category: Business
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Nigeria CBN Sets High Bar: 25 Nigerian Banks Need N3.89 Trillion for Recapitalization
The Central Bank of Nigeria (CBN) has unveiled new capital requirements for banks, mandating 25 banks in Nigeria to raise approximately N3.89 trillion in fresh capital to meet the new minimum capital base. This move aligns with the CBN's efforts to strengthen the banking sector in line with...- Nigeria News
- Article
- 1 min read
- bank recapitalization capital requirements central bank of nigeria yemi cardoso
- Category: Business
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