The injection of fresh capital by the CBN is a temporary measure as government does not intend to hold the shares for long and shall divest its holdings as soon as new investors recapitalize these banks.
More than 500 financial institutions successfully completed simulated Year 2000 transactions on the systems. Liquidity issues In addition to fixing our computer hardware and software, we have taken a number of actions to ensure that both consumers and businesses have access to liquid funds during the rollover.