SBP Industry Alert: CBN Issues Directives On The Review Of Minimum Capital Requirements For Commercial, Merchant, And Non-Interest Banks In Nigeria

On March 28, 2024, the Central Bank of Nigeria('CBN')issued a circularFPR/DIR/PUB/CIR/002/009on the review of the minimum capital requirements forcommercial, merchants, and non-interest banks('Banks'). This review comes in response to prevailing [...]