The Association of Corporate Affairs Managers of Banks (ACAMB) has commended the Nigerian banking industry for its strength, capacity and resilience following its enviable compliance ahead of the March 31 recapitalisation deadline. With over 96% compliance, the association applauded the disciplined execution of the exercise by all financial institutions and extended special praise to the Central Bank of Nigeria (CBN) for its regulatory oversight. It will be recalled that In March 2024, the CBN released a circular on review of minimum capital requirement for commercial, merchant and non-interest banks. The…
Read MoreACAMB LAUDS BANKING SECTOR’S RESILIENCE ON MEETING RECAPITALISATION DEADLINE, COMMENDS CBN’S GLOBAL RECOGNITION
