CBN concludes recapitalisation, as 33 banks raise N4.65trn

Says banks positioned to expand lending, support economic growth By Babajide Komolafe, Economy Editor The Central Bank of Nigeria, CBN, yesterday said it has concluded the banking sector recapitalisation programme, with 33 deposit money banks raising a total of N4.65 trillion in fresh capital to strengthen balance sheets and bolster the resilience of the financial system.