The Central Bank of Nigeria (CBN) is to pursue the recapitalisation of commercial banks in the next five years.
CBN Governor, Godwin Emefiele hinted that the recapitalisation of commercial banks was due since the last recapitalization happened in 2004.
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In the next five years, the CBN he said will target double digit growth and bring inflation down to single digit, preserve micro-economic stability, increase access to finance and credit to bank customers, encourage DMBs to support education.
