The Governor of Central Bank of Nigeria (CBN) Olayemi Cardoso, on Tuesday, 22 July, 2025 disclosed that at least eight commercial banks in the country have fully met their recapitalisation requirements, while others are making progress to meet the deadline, reports Business TodayNG
The apex bank boss made this disclosure in Abuja, Nigeria’s seat of power after the conclusion of the two-day Monetary Policy Committee (MPC) meeting.
At the same meeting, the CBN retained its benchmark interest rate, known as the Monetary Policy Rate (MPR), at 27.5 percent, despite slowing inflation and sluggish economic growth.
