Economy

Recapitalisation: CBN unveils 5-year agenda

The Central Bank of Nigeria (CBN) says it embark on the recapitalisation of commercial banks in the next five years.

According to the CBN Governor, Godwin Emefiele the recapitalisation of commercial banks was due since the last recapitalization happened in 2004.

He added that in the next five years, CBN would  target double digit growth and bring inflation down to single digit, preserve micro-economic stability, increase access to finance and credit to bank customers, encourage DMBs to support education.

Details shortly…

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