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JAMB Economics 2011 Question 26

Question 26

Financial Institutions

Bank consolidation policy in Nigeria is a measure to increase

  1. A.the capital base of banks
  2. B.employment opportunities in banks
  3. C.the number of shareholders
  4. D.the number of branches.
Show the answer and explanation

Answer: A (the capital base of banks)

Explanation

The 2004/2005 consolidation raised banks' minimum capital (to ₦25 billion) to make them stronger.