NDIC Backs CBN Planned Recapitalisation For Nigeria’s Banking Sector

The Nigerian Deposit Insurance Corporation has said that planned recapitalisation of the banking industry by the Central Bank of Nigeria (CBN) was a step in the right direction, which would help in reaching the $1 trillion economy target.

The Managing Director and Chief Executive Officer of the Corporation, Mr Bello Hassan, disclosed in his opening remarks at the 2023 NDIC Workshop for Finance Correspondents in Owerri, Imo State.