CBN CONCLUDES RECAPITULATION, BANKS RAISE ₦4.65 TRILLION TO BOOST FINANCIAL STABILITY

The Central Bank of Nigeria says it has successfully concluded the banking sector recapitalisation programme, strengthening the resilience of Nigeria’s financial system. According to the apex bank, lenders raised ₦4.65 trillion in fresh capital within 24 months, with over 72 percent sourced locally and about 27 percent from international investors—an indication...