60 days to banking sector recapitalisation deadline

Nigeria's banking sector faces a critical deadline with only 60 days remaining for recapitalisation efforts.

The announcement highlights the urgency surrounding the recapitalisation process in Nigeria's banking industry. As reported by ThisDayLive, the deadline is now just 60 days away, prompting stakeholders to accelerate compliance measures. This development underscores the regulatory push to strengthen financial institutions amid economic challenges. No further details on specific requirements or impacts were provided in the initial coverage.

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Nigeria's Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has expressed the federal government's commitment to decreasing its dependence on borrowing.

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