Why We Are Silent On CBN’s Banking Sector Recapitalization— NACCIMA

The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has said it needed comprehensive details on the Central Bank of Nigeria (CBN) recapitalization framework before speaking on the matter.

Earlier, the CBN reviewed the new minimum capital requirements for banks, pegging the minimum capital base for commercial banks with international authorisation at N500bn.