Tag: Hakama Sidi-Ali
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CBN raises bank’s capital requirement to N200bn
The Central Bank of Nigeria (CBN), has increased the minimum capital requirement for Deposit Money Banks (DMBs) with national licences from N25 billion to N200 billion.
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Continue to issue, accept all banknotes, CBN mandates DMBs
The Central Bank of Nigeria (CBN) has directed all its branches to continue to issue and accept all denominations of both old and redesigned Naira notes to and from Deposit Money Banks (DMBs).