CBN Clarifies HoldCo Minimum Capital Rules Amid Earnings Delays

The Central Bank of Nigeria (CBN) issued a fresh directive to clarify the minimum paid-up capital requirements for financial holding companies in Nigeria. This directive aims to address uncertainties and delays in the release of earnings by lenders.

The directive specifies that the minimum paid-up capital should include the aggregate par value of issued shares and share premium arising from issuances. Failure to meet these requirements could affect dividend approvals and group restructuring efforts.