NDIC backs CBN’s planned recapitalisation of banks

The Nigeria Deposit Insurance Corporation (NDIC) has lauded the Central Bank of Nigeria (CBN) for its move to recapitalise banks to achieve economic resilience in the country.

The Managing Director of NDIC, Bello Hassan, made the commendation on Friday during the NDIC Special Day at the ongoing 35th Enugu International Trade Fair.

The News Agency of Nigeria (NAN) reports that the fair, which began on 5 April, is themed: ‘Promoting made-in-Nigeria products for global competitiveness’.