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CBN: Recapitalised banks can now absorb shocks, finance SMEs, export-oriented firms

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The Central Bank of Nigeria (CBN) says banks are now better positioned to finance small and medium enterprises (SMEs), large-scale infrastructure and industrial projects following the completion of its recapitalisation exercise.

In a fact sheet released on Saturday, the apex bank said the programme has strengthened the capital base of lenders, enhancing their capacity to support long-term, high-value investments across sectors such as energy, manufacturing, and technology.

The cable