In March 2024, the Central Bank of Nigeria (CBN) issued a circular announcing a new recapitalization policy for commercial, merchant, and non-interest banks in Nigeria. This policy, effective from April 1, 2026, mandates that banks increase their minimum capital requirements to enhance their financial stability and resilience. The directive requires[Read More…]
Tag: Strengthening Nigeria’s Banking Sector: The 2024 Recapitalization Mandate
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FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]