minimum capital requirements
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Nigeria Bank Mergers Loom as CBN Raises Minimum Capital Thresholds: What Businesses and Banks Need to Know
The Central Bank of Nigeria (CBN) has announced sweeping financial reforms, significantly raising minimum capital requirements for banks across various categories. In a circular issued by the Financial Policy and Regulation Department Director, Haruna Mustafa, all commercial, merchant, and... -
Nigeria Major Banking Overhaul: CBN Sets ₦500 Billion Minimum Capital Base for Banks
Central Bank of Nigeria (CBN) has announced sweeping changes to minimum capital requirements for banks. The circular, signed by Haruna Mustafa, Director of the Financial Policy and Regulation Department, mandates commercial banks with international authorization to maintain a staggering...
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