In a statement on Thursday by its Acting Director, Corporate Communications Department, Hakama Sidi Ali, the apex bank pegged the minimum capital base for commercial banks with international authorisation at N500 billion.
The CBN added that national authorisation commercial banks need to meet an N200bn threshold, while those with regional authorisation are expected to achieve an N50bn capital base.
NigeriaDNA is a Direct News source that delivers the latest news, buzz, and stories from some of Nigeria’s most popular and trusted news websites. NigeriaDNA facilitates this by publishing headlines linking to breaking news and curated snippets from a diverse range of Nigerian credible, independent, and public-interest news sources. Our editors make it easy for Nigerians abroad and diaspora to discover top news stories in real-time as they're posted and directly linked to Nigeria's authoritative News Sources.
© 2024 All Rights Reserved | Curated and Powered by Nigeria DNA
