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CBN raises bank’s capital requirement to N500bn

The CBN Governor, Yemi Cardoso had in the meeting , urged Nigerian banks to expedite action on the recapitalisation of their capital base in order to strengthen the financial system.

Recent forex stability commendable, says Cardoso

According to Cardoso, the stability is a result of the CBN's recent policy actions and reforms, which are geared towards restoring investors’ confidence and attracting foreign investments.

Cardoso assumes duty as acting CBN governor, as Emefiele resigns