Nigeria: 14 Nigerian banks fully met new capital requirement – Cardoso — Africa Links 24

The Governor of the Central Bank of Nigeria, CBN, Yemi Cardoso, says 14 Nigerian banks have fully met the new capital requirement in the ongoing recapitalisation exercise.

Mr Cardoso said this on Tuesday in Abuja, while presenting a communiqué from the 302nd meeting of Monetary Policy Committee, MPC, of the CBN.

The CBN introduced a new minimum capital base requirement for banks, with tiers depending on licence type.

Before then, the last major bank recapitalisation exercise…