The Central Bank of Nigeria has announced the increment of the capital base for commercial banks with international authorisation to N500bn and national banks to N200bn. The apex bank announced this in a statement signed by its Acting Director, Corporate Communications, Sidi Ali, in Abuja on Thursday. The CBN’s move mandates substantial increases in the minimum capital base for banks, varying by the scope of their operations READ ALSO: Tinubu @72: Photos As Lagos Lawmakers Honour Nigeria’s President Fourth Time In Three Months; National Grid Collapses Again Kidnappers Are Cowards,…
Read MoreCBN Raises Commercial Banks Capital Base
