Tag: capital requirements
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Otedola Applauds Tinubu, as First Bank Meets N500bn Capital Target — Calls for Stricter Banking Oversight
Overview: Otedola’s Endorsement and the Capital Milestone In a striking development for Nigeria’s financial landscape, Femi Otedola, chairman of First HoldCo, publicly commended President Tinubu for his deep economic understanding as First Bank of Nigeria meets the Central Bank of Nigeria’s (CBN) N500 billion capital requirement. The milestone underscores the evolving capital adequacy landscape for…
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What New Bank Rules Could Mean for Your Home Loan
What the changes mean for borrowers Major changes to bank capital rules are on the way, and many home buyers are wondering how these reforms will affect mortgage rates, loan approvals, and monthly payments. While economists expect the impact on interest rates to be modest, the changes could improve lending capacity and slightly lower borrowing…