Recapitalisation: Banks to submit implementation plans in April

Central Bank of Nigeria’s new minimum capital requirements puts 500 billion naira as the minimum capital base for commercial banks with international authorisation, 200 billion naira for commercial banks with national authorisation and those with regional authorisation at 50 billion naira among others. The banks have until March the 31st, 2026 to meet the targets and must submit their implementation plans by the end of this month. Niyi Falade, the Group Executive Director at Custodian Investment, joins CNBC Africa for this discussion.
Tue, 02 Apr 2024 11:57:38 GMT