Nigerian banks are submitting recapitalization plans to the Central Bank of Nigeria to enhance financial stability and resilience amidst economic challenges.
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Central Bank of Nigeria
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CBN acts to safeguard Nigeria’s banking sector by appointing new leaders for Union, Keystone, and Polaris Banks following compliance concerns.
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In an unprecedented move, the Central Bank of Nigeria (CBN) debited N1.62 trillion from 10 banks in the first half of 2023 because they did not meet the 32.5% Cash …