The Central Bank of Nigeria (CBN) has announced its readiness to assist banks that are unable to meet the minimum capital requirements set for the 31 March 2026 deadline under the new banking standards. This initiative is part of the CBN's broader recapitalisation programme, which is designed to fortify Nigerian banks against potential economic shocks and to promote overall financial stability within the banking sector. The CBN's support is aimed at ensuring that these institutions can continue to operate effectively and contribute to the nation's economic growth.
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