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Tier II banks need N89.15bn to raise capital adequacy ratio ' CBN

Published by BusinessDay on Tue, 09 Sep 2014


The tier II deposit money banks operating in the country would require about N89.15 billion to raise their capital adequacy ratio (CAR), the Central Bank of Nigeria (CBN) has said. This is against the background of these banks' CAR which deteriorated to 5.56 percent in December 2013 from 18.33 percent previously, below the required minimum []
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