Just In: Naira Crashes To N1,309/$1 At Official Market

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Naijanews March 29, 2024 7:33 a.m.

Just In: Naira Crashes To N1,309/$1 At Official Market

Adding to the financial landscape changes, the CBN has recently announced new capital requirements for banks, significantly raising the minimum capital base for commercial banks with international authorization to N500 billion.

This move is part of the apex bank’s broader strategy to fortify the Nigerian banking sector, following its call for banks to hasten the recapitalization process to bolster the financial system..

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