FCMB has launched a ₦160 billion public share sale to strengthen its banking subsidiary and meet CBN’s new ₦500 billion minimum capital requirement for international banks.
The CBN introduced a new minimum capital base requirement for banks, with tiers depending on licence type.
Mr Emefiele’s lawyer said that the request was due to the failure of the prosecution to be present in court having known of the adjourned date.
“The Cardoso-led CBN has sought to address these problems through bold reforms, focusing on transparency, stability, and credibility,” CPPE said.
The MPC had retained the baseline interest rate, known as the Monetary Policy Rate (MPR), at 27.50 per cent for the third consecutive time in its 301st meeting in July.
Chairman of the commission, Abdullahi Saleh-Usman, stated this in Katsina on Wednesday, during a courtesy visit led by him to Governor Dikko Radda.
Mr Cardoso said the diaspora reserve currently stood at 600 million dollars.
The Union Bank of Nigeria has announced the successful completion of its merger with Titan Trust Bank Ltd, following final approval from the Central Bank of Nigeria.
The Central Bank of Nigeria (CBN) maintains strict control over inflation by implementing a strict monetary policy framework.
The naira on Monday opened the trading week with slight gain trading at 1,534.20 to a dollar.
