Nearly two decades after the 2004 recapitalisation that reshaped Nigeria’s banking sector and cut the number of banks from 89 to 25, Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, signalled another round in November 2023. By March 2024, the policy was formalised, with a 24-month compliance window from April 1, 2024 to March 31, […]
read more CBN recapitalisation: Timeline showing how banks raised over N4.6tn