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Nigerian central bank says all banks capitalised
LAGOS : Nigeria 's central bank said on Saturday it was revoking the licenses of three rescued banks and transferring t
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"We believe we have drawn a line under the banking crisis.
By September 30, all banks in Nigeria will be fully capitalised," central bank deputy governor, Kingsley Moghalu said.
He said President Goodluck Jonathan endorsed the decision to nationalise failing banks, Springbank, Afribank and Bank PHB.
Copyright Reuters, 2011