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6 Jul 2004Event

CBN announces bank consolidation

CBN Governor Charles Soludo announced a major recapitalization and consolidation program for banks.

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6 Jul 2004

CBN announces bank consolidation

CBN Governor Charles Soludo announced a major recapitalization and consolidation program for banks.

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What happened

CBN Governor Charles Soludo announced a major recapitalization and consolidation program for banks. Minimum capital requirements rose sharply and mergers followed.

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