Recapitalization: Banks Expected to Seek Capital Infusion from Stock Market – Senator Senator Osita Izunaso has said that banks are expected to approach the stock market to raise capital in order to meet the new minimum capital requirements set by the Central Bank of Nigeria...

CBN Reports Over $1.5bn Inflow into Economy as Naira Continues to Gain The Central Bank of Nigeria (CBN) says Nigerian economy has recorded inflow of over $1.5 billion as Naira continues to strengthen against Dollar. According to the apex bank, the inflow into the economy over...

CBN Reports Over $1.5bn Inflow into Economy as Naira Continues to Gain The Central Bank of Nigeria (CBN) says Nigerian economy has recorded inflow of over $1.5 billion as Naira continues to strengthen against Dollar. According to the apex bank, the inflow into the economy over...

Tinubu Appoints Usman Bello as New Head of Code of Conduct Bureau President Bola Tinubu has approved the appointment of Dr. Abdullahi Usman Bello as the Chairman of the Code of Conduct Bureau (CCB), pending confirmation by the Nigerian Senate. Dr. Bello is a consummate professional...

Tinubu Appoints Usman Bello as New Head of Code of Conduct Bureau President Bola Tinubu has approved the appointment of Dr. Abdullahi Usman Bello as the Chairman of the Code of Conduct Bureau (CCB), pending confirmation by the Nigerian Senate. Dr. Bello is a consummate professional...

CBN Unveils New Minimum Capital Requirements, Gives Banks 24 Months to Recapitalise Days after urging Nigerian banks to expedite action on the recapitalisation of their capital base in order to strengthen the financial system, the Central Bank of Nigeria (CBN) on Thursday, unveiled new minimum...