Rand Merchant Bank Nigeria Meets CBN Capital Requirement Ahead of Deadline
Rand Merchant Bank in Nigeria has successfully met the Central Bank of Nigeria's new minimum capital requirement ahead of the March deadline. The bank disclosed achieving the required capital threshold by December 30, 2025, demonstrating financial strength and commitment to regulatory compliance.
This achievement reflects strong shareholder confidence in the institution. Other banks in Nigeria are also making steady progress towards meeting the new capital requirements, with some already surpassing the threshold.
This development has led to a rally in bank stocks, including GTCo, Zenith, and UBA, contributing to the growth of Nigeria's banking sector.
Plus234Feed summary based on reporting from Legit NG. Read the original report below.
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