Nigerian Banks See Improved Capital Adequacy Ratio at 14% in Q3 2024, Reports CBN
The Central Bank of Nigeria (CBN) has reported a significant rise in the Capital Adequacy Ratio (CAR) of the nation’s banking sector, which increased to 14.01% in the third quarter (Q3) of 2024. This marks an improvement of 1.49 percentage points from 12.52% in the previous quarter, underscoring the resilience and stability of Nigerian banks … Read more