The Aluko & Oyebode Capital Markets Insight is a quarterly report providing updates on laws, regulations, and other activities in the Nigerian capital markets.

This edition outlines updates from regulators of different capital market segments in Nigeria for the second quarter of 2024.

CBN RELEASES CIRCULAR ON MINIMUM CAPITAL REQUIREMENTS FOR BANKS

On 28 March 2024, the Central Bank of Nigeria (“CBN”) issued a circular announcing an upward review of the minimum capital requirements for commercial, merchant, and non-interest banks (the “Banks“) in Nigeria (the “Circular”). This directive is aimed at strengthening the ability of the Banks to maintain adequate capital levels.