Former Labor Party presidential candidate in the 2023 elections, and top figure in the African …
Read More »The CBN completed the recapitalization exercise, raising N4.65tr to strengthen the resilience of the financial system
The Central Bank of Nigeria (CBN) has announced the success of its landmark banking sector recapitalization program, which began in March 2024. According to the apex bank, over a 24-month period, Nigerian banks raised a total of 4.65 trillion in new capital, strengthening the resilience of the financial system and increasing its capacity to support the economy. According to statements …
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