BOFID

AcronymDefinition
BOFIDBanks and Other Financial Institutions Decree (Nigeria)
References in periodicals archive ?
Table 1 Regulatory Requirement for Capital Base of Nigeria Banks Expatriate Indigenous Commercial Commercial Date/Acts Banks Banks Merchant Banks 1892-1952 ZERO ZERO 1952 Ordinance 25,000 25,000 1958 Ordinance 400,000 25,000 1962 Ordinance 500,000 500,000 1969 ACT 1,500,000 600,000 1979 Amendment 1,500,000 600,000 1988 10,000,000 10,000,000 6,000,000 1989 20,000,000 20,000,000 12,000,000 1991 BOFID 50,000,000 50,000,000 40,000,000 1996 50,000,000 50,000,000 40,000,000 1997 500,000,000 500,000,000 500,000,000 2000 1,000,000,000 1,000,000,000 1,000,000,000 2001 2,000,000,000 2,000,000,000 2,000,000,000 2005 till date 25,000,000,000 25,000,000,000 25,000,000,000 Sources: Merchant Banking In Perspective By C.