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Banks brace for looming tighter capital requirements

Still grappling with huge bad debts, Deposit Money Banks (DMBs) in Nigeria are gearing up for more challenges this year, as the Central Bank of Nigeria (CBN) says that it plans to introduce tougher capital requirements, writes TONY CHUKWUNYEM Coming on the heels of the industry’s migration to the International Financial Reporting Standards 9 (IFRS 9) last year, which was ...

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Banks brace for looming tighter capital requirements

Still grappling with huge bad debts, Deposit Money Banks (DMBs) in Nigeria are gearing up for more challenges this year, as the Central Bank of Nigeria (CBN) says that it plans to introduce tougher capital requirements, writes TONY CHUKWUNYEM Coming on the heels of the industry’s migration to the International Financial Reporting Standards 9 (IFRS 9) last year, which was ...

Read More »

Banks brace for looming tighter capital requirements

Still grappling with huge bad debts, Deposit Money Banks (DMBs) in Nigeria are gearing up for more challenges this year, as the Central Bank of Nigeria (CBN) says that it plans to introduce tougher capital requirements, writes TONY CHUKWUNYEM Coming on the heels of the industry’s migration to the International Financial Reporting Standards 9 (IFRS 9) last year, which was ...

Read More »

Banks brace for looming tighter capital requirements

[unable to retrieve full-text content] … projection for the country’s banking industry.   For instance, … accords aim to strengthen the banking industry’s governance, transparency … African Banks” affirmed a “Stable” outlook on the Nigerian banking … the general view in banking circles last weekend was … … Banking Industry News

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Banks brace for looming tighter capital requirements

Still grappling with huge bad debts, Deposit Money Banks (DMBs) in Nigeria are gearing up for more challenges this year, as the Central Bank of Nigeria (CBN) says that it plans to introduce tougher capital requirements, writes TONY CHUKWUNYEM Coming on the heels of the industry’s migration to the International Financial Reporting Standards 9 (IFRS 9) last year, which was ...

Read More »

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