The Governor of the Central Bank of Nigeria , Mr Olayemi Cardoso, has said the Bank will continue to collaborate with relevant financial institutions, the fiscal authorities and the National Assembly to ensure a successful recapitalisation exercise, including providing adequate protection of property rights and interests of minority shareholders.
He said the exercise would also contribute to GDP growth, better risk management, improved credit ratings, a diversified ownership base, better governance and strategic decisions, and increased market volume and value, leading to a more vibrant equity market. “With the recapitalisation programme, our goal is to trigger the emergence of stronger, healthier and more resilient banks,” he added.
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