byBabajide Sanwo-Olu, governor of Lagos, performing the opening ceremony of NOVA's first branch as a national commercial bank.
The capital base for commercial banks with international licences was raised to N500 billion, while the minimum capital requirements for national and regional licence holders were pegged at N200 billion and N50 billion, respectively. “We have our shareholders, who last year, brought in additional capital to enable us scale the huddle to operate as a commercial bank today,” Oyedeji said.
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