Eight banks surpass recapitalisation target, 11 breach non-performing loan cap

•CBN keeps lending rate at 27.5% to tame rising costs By Chinwendu Obienyi and Adanna Nnamani, (Abuja) The Governor, Central Bank of Nigeria (CBN), Olayemi Cardoso, on Tuesday, disclosed that eight deposit money banks have already surpassed the new minimum capital requirement under the ongoing recapitalisation exercise. The apex bank also retained all key monetary [...]The post Eight banks surpass recapitalisation target, 11 breach non-performing loan cap appeared first on The Sun Nigeria.

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