FCMB nears N500bn recapitalisation approval for international licence

FCMB Group is close to meeting its N500 billion recapitalisation target required for an international banking licence, according to sources familiar with the matter. Reliable sources within the Central Bank of Nigeria (CBN) confirmed the development to Nairametrics. The move comes as banks race to comply with the CBN’s new capital requirements ahead of the regulatory deadline, with several Tier One lenders already […] The post FCMB nears N500bn recapitalisation approval for international licence appeared first on Nairametrics.