NDIC report shows 4 banks technically insolvent with N1.57trn capital requirement
By The number of deposit money banks that were technically insolvent rose to four with capital requirement of N1.57 trillion in 2017, as against three lenders with N398.60 billion capital requirements in 2016. All the capital adequacy indicators of the banks witnessed a decline in the period under review. Consequently, the adjusted shareholders’ fund decreased by…
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