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Tag Archives: Central Bank of Nigeria

CBN To Increase Banks’ Capital Base To N907bn

THE Central Bank of Nigeria has been projected to raise the minimum capital requirement for commercial banks with international banking licenses to N907.27 billion from N50 billion. A Banking Sector FY 2024 Outlook produced by CardinalStone Securities disclosed this in its recent report. The report projected that banks’ capital base …

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CBN Pays $2 Billion To Clear FX Backlog

THE Central Bank of Nigeria (CBN) has disbursed around $2 billion across multiple sectors, such as manufacturing, aviation, and petroleum, to address the backlog of outstanding foreign exchange liabilities. Additionally, the apex bank stated that it has successfully settled the complete liabilities of 14 banks and initiated settlements with foreign …

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