SEC reveals framework for 2024 banking sector capitalisation programme, supporting CBN's recapitalisation drive with new capital requirements for international, national, and regional banks.
SEC unveils framework for 2024 banking sector capitalisation programme, supporting CBN's recapitalisation drive. The framework aims to ensure efficient, transparent, and stakeholder-protective capital raising processes for banks and market participants. The new CBN capital requirements set international banks' capital base at N500bn, national banks at N200bn, and regional banks at N50bn.
June 21, 2024
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