Otedola urges CBN to raise banks’ capital to ₦1 trillion as FirstBank meets ₦500bn requirement

Billionaire investor and Chairman of First HoldCo Plc, Femi Otedola, has called on the Central Bank of Nigeria (CBN) to further strengthen the banking system by raising the minimum capital requirement for international banks to at least ₦1 trillion. Mr Otedola made the call on Friday in a statement in which...