• No Nigerian Bank is undercapitalised – CBN

    No Nigerian Bank is undercapitalised – CBN

    According to reports, the Central Bank of Nigeria (CBN) has said that there is no truth in a report that seven Nigerian banks are undercapitalised.

    The director, Banking Supervision, Tokunbo Martins, told journalists at the end of the Bankers Committee Meeting in Lagos on Wednesday that there was no truth in the report.

    The News Agency of Nigeria (NAN) reports a Dubai-based International Investment Bank, Arqaam Capital, had reported that seven Nigerian banks were undercapitalised to the tune of N1tn about 3.2 […]