THE EFFECT OF N25BILLION MINIMUM CAPITAL BASE ON THE BANKING SECTOR IN NIGERIA
CHAPTER ONE INTRODUCTION The central bank of Nigeria announced a new capital requirement for Nigeria banks of 25 billion Naira (about US & 181milion)Â Â this reflects an increase of from its previous 2billion Naira (Us & 14.5 million) The banks governor has explained that by this he plans to encourage merger and acquisition among the 89 banks currently operating in the country to consolidate and strengthen the nations banking industry. He ...
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