News Formal

Recapitalisation: CBN gives reason for exclusion of banks’ retained earnings

  • 📰 DailyPostNGR
  • ⏱ Reading Time:
  • 14 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 59%

CBN Nouvelles

Recapitalisation

The Central Bank of Nigeria, CBN, has reiterated that it excluded banks' retained earnings to meet its newly announced minimum capital requirement in a bid to ensure the injection of fresh capital into the financial system.

The Central Bank of Nigeria, CBN, has reiterated that it excluded banks' retained earnings to meet its newly announced minimum capital requirement in a bid to ensure the injection of fresh capital into the financial system. Director Financial Policy and Regulatory Department, FPRD at CBN, Haruna Mustafa, disclosed this in a recent podcast on 'Banking Sector Recapitalisation Programme 2024'.

recalls that the apex bank raised capital requirements for all Nigerian banks by at least 100 per cent last month. CBN gave banks two years to meet the requirement. However, analysts in the sector have criticized the exclusion of banks' retained earnings.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 11. in FR

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Banks demand CBN’s clarity on retained earnings as recapitalisation countdown beginsThe Nation Newspaper Banks demand CBN’s clarity on retained earnings as recapitalisation countdown begins
La source: TheNationNews - 🏆 6. / 69 Lire la suite »