Andersen Nigeria's Podcast

Gearing Up to the Proposed Banking Sector Recapitalisation Programme

Andersen Nigeria Season 2 Episode 10

This published article discusses the key considerations for banks as they gear up to the proposed banking sector recapitalization programme. On 28 March 2024, the Central Bank of Nigeria (CBN) in line with Section 9 of the Banking and Other Financial Institutions Act (BOFIA) of 2020 released a circular on the review of minimum capital requirements for commercial, merchant, and non-interest banks in Nigeria. 

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