Last week, the Central Bank of Nigeria (CBN) instructed banks operating in the country to shore up their paid-up capital. Over the 24 months to end-March 2026, banks are requested to raise their minimum capital to anything from N500 billion (for commercial banks with international banking licences) to N10 billion (for non-interest banks with regional licences). In the alternative, banks may upgrade or downgrade their licence authorisation.
At first blush, the key questions raised by…
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