The apex bank said the new minimum capital base for commercial banks with national authorisation is now N200 billion, while the new requirement for those with regional authorisation is N50 billion. By Kayode Oyero The Central Bank of Nigeria (CBN) has unveiled new minimum capital requirements for banks, pegging the minimum capital base for commercial banks with international authorisation at N500 billion.
CBN Pegs Minimum Capital Base For Banks At N500bn
CBN Pegs Minimum Capital Base For Banks At…
CBN Pegs Minimum Capital Base For Banks At N500bn
The apex bank said the new minimum capital base for commercial banks with national authorisation is now N200 billion, while the new requirement for those with regional authorisation is N50 billion. By Kayode Oyero The Central Bank of Nigeria (CBN) has unveiled new minimum capital requirements for banks, pegging the minimum capital base for commercial banks with international authorisation at N500 billion.