Minimum capital requirement for a commercial bank with international authorisation in Nigeria (2024 recapitalisation):
A₦25 billion
B₦50 billion
C₦100 billion
D₦500 billionCORRECT
CIBNBanking Principles
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Why the answer is D, and why the others tempt you.
Per CBN's 2024 recapitalisation circular, banks with international authorisation must maintain ₦500 billion paid-up capital (₦200bn national, ₦50bn regional).
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