The Effect Of N25billion Naira Minimum Capital Base On The Banking Sector In Nigeria (case Study Of First Bank Of Nigeria Plc)

115 pages ID: BFN1475

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DepartmentBanking and Finance
TypeProject
Pages115
Reference StyleYES
FormatMS Word & PDF
Reference No.BFN1475

Abstract

INTRODUCTION The central bank of Nigeria announced a new capital requirement for Nigeria banks of 25 billion Naira (about US & 181milion)  this reflects an increase of from its previous 2billion Naira (Us & 14.5 million) The banks governor has explained that by this he plans to encourage merger and acquisition among the 89 banks currently operating in the country to consolidate and strengthen the nations banking industry. He also hoped that this development would ignite investors confidence on the banks force down interest rate which currently pages at 35% thereby making fund…

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