Nigeria, April 2 -- The Association of Corporate and Marketing Communication Professionals of Banks (ACAMB) has expressed confidence in the capacity of Nigerian banks to meet the demands of the recently announced recapitalisation exercise of the Central Bank of Nigeria.

The CBN had 29 March announced an upward review of the minimum capital requirement for banks, specifying that commercial banks with international licenses must maintain a capital base of N500 billion while their national and regional counterparts are required to have capital bases of N200 billion and N50 billion, respectively.

In a statement released by ACAMB President, Rasheed Bolarinwa, the association welcomed the CBN's decision on the review of minimum capital requir...