Nigeria's Central Bank Implements New Capital Base Regulations for Commercial and National Banks

Friday, 29 March 2024, 07:45

The Central Bank of Nigeria has recently announced significant increases in the minimum capital requirements for commercial banks with international licenses and national banks. Under the new regulations, commercial banks must now have a capital base of N500 billion, while national banks are required to maintain a minimum capital base of N200 billion. This move is aimed at strengthening the financial stability and resilience of the banking sector in Nigeria.
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Nigeria's Central Bank Implements New Capital Base Regulations for Commercial and National Banks

Nigeria's Central Bank Increases Minimum Capital Base for Banks

The Central Bank of Nigeria (CBN) has raised the capital requirements for commercial banks with international licenses to N500 billion while national banks must now have a minimum capital base of N200 billion.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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