The apex bank set the application fee for Tier-1 licence at N1 million.
CBN has increased the minimum capital requirement for commercial banks with national licences from N25 billion to N200 billion.
“The guidelines significantly enhance the regulatory framework for the operations of Bureau De Change,’’
The Central Bank of Nigeria (CBN) says banks have remained stable, robust, and resilient despite the COVID-19 pandemic.
![CBN Governor, Godwin Emefiele. [CREDIT: Bloomberg]](https://gazettengr.com/wp-content/uploads/CBN-Governor-Godwin-Emefiele.jpg)
The CBN director noted that removing a sitting MD/CEO of a “systemically important” bank was not good.”
“In light of the foregoing, you are required to explain why disciplinary action should not be taken against the board for hastily removing the MD/CEO.”
