CBN Reveals Nigerian Banks Raised ₦4.65 Trillion in Fresh Capital as Recapitalisation Reshapes Banking Sector
Nigeria’s banking sector has raised ₦4.65 trillion in fresh capital through the Central Bank of Nigeria’s CBN recapitalisation exercise, a development that strengthens the industry’s financial base and raises expectations for increased lending, improved resilience and stronger support for businesses across the country. CBN Governor Olayemi Cardoso disclosed the figures following Nigeria’s participation in the … Read more