A Review of the New Minimum Capital Requirements for Commercial Banks, Merchant and Non-Interest Banks in Nigeria

The Central Bank of Nigeria (CBN) issued a new policy on March 28, 2024, to enhance the banking system’s stability and support economic growth. This policy raises the minimum capital for commercial, merchant, and non-interest banks in Nigeria.

Our newsletter breaks down Nigeria’s updated minimum bank capital requirements. It explores the implications for the banks involved. We also outline the measures these banks are taking and other key factors.

For detailed insights, please read the full publication.

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